Frequently Asked Questions

1. How much money can I put in the credit union?
Most credit unions encourage you to save as much as you can on a regular basis. The amount is up to you.

2. How much can I borrow from the credit union?
There are a few legal limits, but credit unions usually set their own individual lending policies. What’s important is to work with your credit union to determine how much debt you can afford.

3. Who gets the profits in the credit union?
Credit unions are not-for-profit institutions. The credit union has no stockholders to pay. Earnings are returned to members in the form of better rates on savings and loans, and are invested in new or improved services.

4. Is my money safe?
Yes. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government

5. How much is required to open a Share/Savings Account?
Just a minimum balance of $5.00 is required.

6. Is there a fee to open an account?
Yes. It's a one time $5.00 entrance fee.

7. Can I open a share draft/checking account only?
No. A share/savings account has to be open first in order to open a share draft/checking account.

8. Is there a minimum balance required for a checking account?
No minimum balance. The only requirement to open a share draft/checking account is to order your first box of checks and have deposited sufficient funds to cover this first check order.

9. Who should I speak to about setting up direct deposit?
Ask the payroll department of your employer. There should be a form for you to fill out, or you may also stop by our office and get a form.