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A credit union is a not for profit co-operative, member-owned financial institution. Revenues are used to provide members with higher savings dividends, enhanced services and lower loan rates. Funds are insured by the National Credit Union Share Insurance Fund (NCUSIF). Savings are insured up to $100,000 with an additional $100,000 insurance for your Individual Retirement Account (IRA). We also provide excess insurance, which means that if your savings or IRA account goes over $100,000 your account is insured for an additional $250,000 through American Share Insurance.
The credit union is managed by financial professionals. A volunteer Board of Directors is elected by the membership and determines policy. A Supervisory Committee, members selected by the Board of Directors, oversees the financial audit of the credit union with the help of an independent auditor and the National Credit Union Administration (NCUA).
Membership sets the credit union apart from other financial institutions. To participate in the credit union, you must first qualify for membership and you must establish a savings account with a minimum balance of $5.00, plus a $5.00 membership fee. Once your account is opened, you become a member-owner and can apply for all of the services offered by the credit union.
Once you join, no matter where you later live or work, you are a member for life!
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