Table of Contents
1. Am I eligible to join the credit union?
2. How do I become a member?
3. How can I apply for a loan?
4. Is my money safe?
5. How is a credit union different from a
bank?
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1. Am I eligible to join? |
If you live, work, study, or worship in any of the
following seven counties, you're eligible to join
our credit union.
- Montgomery
- Lowndes
- Butler
- Crenshaw
- Autauga
- Elmore
- Macon
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2. How do I become a member? |
You can fill out an online membership application by
clicking
here,
or drop by our branches in Montgomery and Greenville
(Greenville branch will open April 1, 2008)
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3. How can I apply for a loan? |
You can fill out an online loan application by
clicking
here,
or drop by our branches in Montgomery and Greenville
(Greenville branch will open April 1, 2008),
or call our Loan Department at 334-834-7483 (or
toll-free at 800-843-9409). |
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4. Is my money safe? |
 Your
savings are federally insured up to $100,000 by the
National Credit Union Share Insurance Fund (NCUSIF), an arm
of the National Credit Union Administration (NCUA).
The NCUA is an independent agency of the United
States Government.
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5. How is a credit union different from a
bank? |
| |
A credit union is a non-profit financial
cooperative. We're unique in that, unlike a bank, we
are mutually owned and governed by the members we
serve. Loyalty not to profits but to you, the
member, empowers your credit union to offer benefits
others can't - including fewer fees, lower loan
rates, and higher savings rates. And our guiding
principle of "People Helping People" translates to a
level of personal service you won't experience
anywhere else.
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Credit Unions |
Banks |
|
Are
not-for-profit institutions |
Are
profit-oriented institutions |
|
Can
serve only those individuals
within their field of membership |
Can
serve anyone in the general
public |
|
Have members, each person who
deposits money has a share of
ownership |
Have customers with no ownership
in the organization |
|
Members elect a volunteer Board
of Directors to represent their
interests |
Have a paid Board of Directors
who represent the owners;
customers do not have voting
privileges |
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Democratically controlled by
members |
Controlled by stockholders and
paid officials |
|
Are
member service-driven |
Are
profit-driven |
|
Return profits to members in the
form of lower loan rates, higher
savings rates and free or low
cost services. |
Return profits to a small group
of stockholders |
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Are
federally insured by the
National Credit Union
Administration |
Are
federally insured by the Federal
Deposit Insurance Corporation |
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