Frequently Asked Questions
A credit union is a not for profit financial institution that is owned and controlled by its members and operated for the purpose of providing credit at competitive rates and providing other financial services to its members.
The credit union is owned by you, its members. Every member becomes a shareholder with a minimum deposit of $5 into a regular savings account. Because you are a shareholder, this allows you one vote on major decisions placed before the membership such as Board Member elections.
There are many differences between credit unions and banks but the most important is that credit unions are democratically run. Credit unions’ elect board members from the membership and allow the membership to vote on the elected officials. These officials then meet monthly, if not more, to discuss decisions to be made in the credit union. Banks on the other hand exist to earn dividends for shareholders.
Federal and Postal employees and their immediate family members. See Membership for full details.
Yes. Have peace of mind knowing your savings accounts are insured up to $250,000.00 and IRA accounts are insured an additional $250,000.00 by the National Credit Union Administration (NCUA). NCUA is an agency of the federal government. To learn more go to:
- Because we are not for profit, we generally have the lowest cost loans available
- Credit unions typically do not have hidden fees associated with loans
- If you do not qualify for a specific loan, we will more often than not offer you a counter offer
- We provide quick approval on all loans and have some of the friendliest service around
As soon as you become a member of the credit union
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