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Suncoast Schools Federal Credit Union

Suncoast Schools Federal Credit Union

What is a Credit Union?


• A credit union is a financial institution that is owned and controlled by its members. The establishment is operated for the primary purpose of providing credit (at competitive rates), promoting thrift and providing an assortment of other financial services to its members. A number of credit unions, in the United States, exist to strengthen the surrounding communities and encourage development for a specific group of employees or individuals. The foundation of the credit union, in essence, is to promote a sustainable economy and international development on a local level. 
• A credit union will vary in regards to the number of assets under management and the average size of the participating institutions—a credit union may range from several volunteer entities to a group of institutions with billions of assets under management and hundreds of thousands of members. That being said, on average, a credit union is smaller than the typical American bank—the average credit union in the United States operates with roughly $95 million assets under management, whereas the average bank in the nation has over $1.5 billion.  
• A credit union differs from a bank and other financial institution because the members who hold accounts with the union are the actual owners of the operation. As owners, these individuals will elect their board of directors (in a democratic system) and subsequently vote on policy change.  The Board of Directors is responsible for establishing the credit union’s policies, including their interest rates etc. 
• Although different in regards to ownership from a bank, a credit union will offer similar financial services (a credit union will implement different terminology), such as: providing share accounts (savings accounts), share draft accounts (checking accounts), share term certificates (CDs), online banking and credit cards.
 
What is the Suncoast Schools Federal Credit Union?
• The Suncoast Schools Federal Credit Union is a credit union that is officially chartered and regulated by the authority of the National Credit Union Administration of the United States’ Federal Government. Originally called Hillsborough County Teachers Credit Union, the establishment was chartered in January of 1934 to satisfy the needs of teachers working in the country. The name change came when the organization amended their charter in 1953 to open membership to teachers located in outside counties. 
• The Suncoast Schools Federal Credit union created the Suncoast for Kids Foundation in 1998; this organization has donated nearly $5 million to children throughout the state of Florida.
Quick Facts:
• The Suncoast Schools Florida Credit Union, as of 2008, had approximately $6 billion in assets under management, over 470,000 active members and 50 branches dispersed throughout the state. These statistics make the Suncoast Schools Florida Credit Union the largest credit union in the state of Florida
• The Suncoast Schools Florida Credit Union is headquartered in Tampa, Florida and is chaired by Mr. Earl Whitlock. The Suncoast Schools Florida Credit Union offers the following products to its members: Savings accounts, checking accounts, consumer loans, mortgages, credit cards and online banking services. 

American Heritage Federal Credit Union

American Heritage Federal Credit Union


What is American Heritage Federal Credit Union?


Founded in 1948, the American Heritage Federal Credit Union was the original not-for-profit cooperative of the Bud Manufacturing Company; at this time the agency went under the same name as its parent corporation. In 1985, following years of faithful service, the cooperative formally changed their name to the American Heritage Federal Credit Union to reflect the overall change in the nature of their membership requirements and the companies which they affiliate with. 


Presently, the American Heritage Federal Credit Union is one of the largest credit unions in the state of Pennsylvania; the American Heritage Federal Credit Union serves over 700 companies and provides banking services to over 100,000 members.


The American Heritage Federal Credit Union aims to provide quality and convenient service to meet the financial needs of the organization’s members, while enhancing relations and bolstering affiliated companies and the surrounding communities. 



The American Heritage Federal Credit Union offers the following services to its members: Access to savings and checking accounts, Certificate of Deposit offerings, money market accounts, investment advice, access to online banking services, low interest personal loans, auto loans, mortgages, equity loans and credit cards. 



How do I join the American Heritage Federal Credit Union?


Any individual who lives, works, worships or attends school in Philadelphia may obtain membership in the American Heritage Federal Credit Union


Furthermore, anyone employed by one of the cooperative’s Sponsored Companies, will be granted membership—to get a list of sponsored companies visit the following website: https://www.amhfcu.org/personal/openanaccount/HowtoJoin.aspx and click on “Sponsor Companies” under the “Who can Join?” section. 


All immediate family members ( spouse, children, parents, siblings, grandchildren, grandparents, stepparents and stepchildren) of current or eligible members may join the American Heritage Federal Credit Union


In addition to Philadelphia, any individual who lives in the following areas may join the cooperative: Ambler, Bensalem, Bridgeport, Bryn Athyn, Butler, Cheltenham, Conshohocken, Fort Washington, Norristown, Penndel, Souderton, Southhampton, Tullytown, Villanova or Warmister Heights


Once you have qualified for membership you must deposit a minimum of $15 into a share/savings account and maintain this minimum balance to enjoy the services provided by the American Heritage Federal Credit Union. 



State Employees Credit Union

 State Employees Credit Union

What is the State Employees Credit Union?
The State Employees Credit Union is a state chartered credit union regulated under the specific authority of the Credit Union division of the North Carolina Department of Commerce. Headquartered in Raleigh, North Carolina, the State Employees Credit Union offers member deposits that are insured by the National credit Union Administration of the United States Federal Government. The State Employees Credit Union is the second largest natural member credit union in the nation (only the Navy Federal Credit Union ranks higher in regards to assets under management and membership statistics). 
Quick facts about the State Employees Credit Union:
• The State Employees Credit Union was founded in 1937
• The current President of the State Employees Credit Union is Jim BlaineThe State Employees Credit Union operates with over $22 billion in assets and over 1.6 million members.
• The State Employees Credit Union has 236 branches located throughout the country; however, membership in the union is only limited to employees of the state of North Carolina and their families. 
• The State Employees Credit Union was incorporated in 1937 by employees of the state of North Carolina. At this time, the organization operated with under $500 in assets and only 17 members. By 1960, the Union grew to serve over 70,000 members and possessed over $25 million worth of assets. 

Bethpage Federal Credit Union

Bethpage Federal Credit Union

What is the Bethpage Federal Credit Union?


Headquartered in Bethpage, New York, the Bethpage Federal Credit Union offers various financial services—such as savings and checking accounts, Certificates of Deposit, home equity loans, retirement plans, auto loans, money market accounts mortgages, low-interest loans, credit cards and online banking services—to residents of Long Island. 
The Bethpage Federal Credit Union, which officially opened in 1941, originally served all employees of Long Island’s largest organizations, including BAE and Computer Associates. As the Bethpage Federal Credit Union grew, the organization extended its offerings to all Long Islanders.
The Bethpage Federal Credit Union is one of the largest credit unions on Long Island; the institution has over 60 branches and Shared Service Centers on Long Island and over 2,900 facilities nationwide. Furthermore, the Bethpage Federal Credit Union utilizes more than 25,000 surcharge-free ATMs across the country. 
How is the Bethpage Federal Credit Union Different from Banks?
The Bethpage Federal Credit Union is different from a generic bank because its resources and services are undertaken solely for the benefit of its member owners. Furthermore, Members of the cooperative also serve as shareholders. Offering stake in the cooperative to its members denotes one simple fact concerning the cooperative’s mission statement: all policy decisions are initiated and formulated with the member’s best interest in mind. 
What exactly is a Credit Union?


Credit unions are financial institutions that are owned and controlled by its account holders. These institutions provide credit, promote thrift and offer an assortment of other financial services to its members. In the United States, credit unions aim to strengthen their communities, by providing favorable banking and credit rates. 

Teachers Federal Credit Union

Teachers Federal Credit Union

Credit Unions Explained:


Credit Unions are financial institutions that are owned and operated by union members (specific employees and individuals who have accounts with the institution). A credit union will provide credit to these individuals and an assortment of other financial products. Through these services, the credit union aims to to strengthen its surrounding communities and promote a sustainable economy.
A credit union differs from a bank because the entity’s members operate the owners; these individuals, in turn, elect a heir board of directors to vote on policy change. The Board of Directors will establish the credit union’s interest rates and offerings for the products. Although the organizational structure is different, a credit union will the same financial services as a bank. These services include: savings account, Certificates of Deposit, Checking Accounts and credit cards.
What is the Teachers Federal Credit Union?
The Teachers Federal Credit Union is a member-owned non-profit financial institution that provides personal to financial services to its 212,000 members. The Teachers Federal Credit Union maintains a balance sheet of over $4 billion in assets, making the organization one of the largest credit unions in the country. 
The Teachers Federal Credit Union offers memberships to all individuals located on Long Island. These membership requirements are distinct from the majority of credit unions who serve a special employment base. Any individual who lives, works, worships, or attends school in Nassau or Suffolk Country can join the Teachers Federal Credit Union. Furthermore, once you become a member of the organization, eligibility is open to all of your family members. All members of the Teachers Federal Credit Union are available to take advantage of the complete range of financial products and services provided by the organization. 

GTE Federal Credit Union

GTE Federal Credit Union

What is the GTE Federal Credit Union?


• The GTE Federal Credit Union is a member-owned and operated credit union located in Tampa Bay, Florida. Founded in 1935, in the midst of the Great Depression, the GTE Federal Credit Union, with over $1.5 billion in assets, presently stands as one of the country’s largest locally owned and operated financial institutions. 
• The GTE Federal Credit Union is a not-for-profit financial cooperative; the organization only makes decisions and institutes business models for the benefit of its member-owners. Each individual member of the GTE Federal Credit Union has a stake or ownership share in the cooperative. Any monies earned by the GTE Federal Credit Union are returned to its members in the form of dividends or diminished interest states. 
• All funds deposited at the GTE Federal Credit Union are protected by the National Credit Union Insurance Fund. As a result of this coverage, not one member of the GTE Federal Credit Union, in its nearly 80 years of operation, has lost a single penny of insured savings. 
• In addition to providing financial services–such as low-interest loans, access to checking and savings account, mortgages, credit cards and online banking services–for its members, the GTE Federal Credit Union bolsters the surrounding communities through the funding and establishment of charitable organizations and agencies.  
How do I join the GTE Federal Credit Union?
• There are four ways to obtain membership to the GTE Federal Credit Union: membership through family members, free employee benefits, zip code eligibility and sponsored educational membership offerings.
• To receive a GTEA Financial Credit Union membership through a family member you must be a relative of a current GTE Financial Credit Union Member. Only spouses, children, parents, brothers/sisters, step-parents, step-children, grandchildren and grandparents will qualify to receive a GTE Federal Credit Union membership through family. 
• Free Employee Benefit memberships to the GTE Federal Credit Union may obtain if you work for a company that offers access to the cooperative. For a list of qualifying employers visit the following web address: https://www.gtefcu.org/Home/Membership.aspx and click on “community partner” under the “Free Employee Benefit” section.  
• Zip code eligibility refers to anyone who lives, works, attends school or worships in the following locations:
o The city of Tampa Bay, Florida
o The following zip codes in Hillsborough County: 33602, 33603, 33604, 33605, 33606, 33607, 33609, 33610 and 33619.
• The last category of eligibility for membership in the GTE Federal Credit Union is offered as a sponsorship; the GTE Federal Credit Union will extend membership offerings to members of the cooperative’s non-profit educational club. 

Pentagon Federal Credit Union

Pentagon Federal Credit Union

What is the Pentagon Federal Credit Union?


The Pentagon Federal Credit union is a credit union formally regulated under the direct authority of the National Credit Union Administration. The Pentagon Federal Credit Union serves the following branches or organizations of the United States Federal Government: the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, most defense-related companies, the Veterans of Foreign Wars and their families.
Membership Requirements for the Pentagon Federal Credit Union:
Similar to all credit unions, participation and membership in the Pentagon Federal Credit Union is strictly limited to individuals sharing the bond described in its specific credit union Charter. Individuals of the following fields or organizations are permitted to obtain membership with the Pentagon Federal Credit Union:
o Active or retired soldiers from the United states Army, Coast Guard, Army, Reserves, National Guard or ROTC
o Members of the Veterans of Foreign Wars of the United States
o Pentagon building employees
o Employees of the Transpotomac Plaza or Canal Center
o Civilians employed by or retired from the Department of Defense, Army, Navy or Homeland Security 
o Family members of those in the field of Membership
o National Military Family Association Members
o Reserve Officers Association Members
o Military Officers Association of America members
Quick Facts regarding the Pentagon Federal Credit Union:
• The Pentagon Federal Credit Union was founded in 1935
• The Pentagon Federal Credit Union is headquartered in Alexandria, Virginia in the United States of America
• Jim Quinn is the current board of directors and Frank Pollack is the acting president
• The Pentagon Federal Credit Union offers the following services to its members: savings and checking accounts; consumer loans (typically offered with low interest payments); mortgages; investment advice and vehicles; and credit cards.
• The Pentagon Federal Credit Union currently operates with over $15 billion in assets and has approximately 1 million members 
What is a Credit Union?
A credit union is a financial institution that is owned and controlled by its members and operated for the primary purpose of providing credit (at competitive rates), promoting thrift and providing an assortment of other financial services to its members. A number of credit unions, in the United States, exist to strengthen the surrounding communities and encourage development.
Credit union are unique in regards to number of assets under management and the average size of the participating institutions—a credit union may range from several volunteer entities to a group of institutions with billions of assets under management and hundreds of thousands of members. On average, a credit union is smaller than the typical American bank—the typical credit union operates with roughly $95 million assets under management, whereas the average bank in the nation has over $1.5 billion.  

Robins Federal Credit Union

Robins Federal Credit Union

What is the Robins Federal Credit Union?


• The Robins Federal Credit Union is a member-owned (and operated) not-for-profit financial cooperative headquartered in Athens, Georgia. The primary mission of the Robins Federal Credit Union is to actively serve its members and the communities in which they live with low-interest and flexible banking services. 
• The Robins Federal Credit Union provides a number of financial services to its members, including: certificates of deposit, access to checking and savings account, low-interest personal loans, auto loans, various investment vehicles, online banking services and money market accounts. All services provided by the Robins Federal Credit Union are consistent with the principles of a credit union: “Not for Profit, Not for Charity, But for Service.” 
How was the Robins Federal Credit Union formed?
• In February of 1954, a group of 13 Robins Air Force base civilian and military personnel drafted and signed the application to formally charter the Robins Federal Credit Union. The charter stated that the field of membership would be offered to “civilian employees and commissioned officers of the Department of the Air Force who worked at or had headquarters at Robins Air Force Base, Georgia.” Furthermore, the charter went onto read: “Employees of this credit union; members of their immediate families; and organizations of such persons will be granted services provided by the Robins Federal Credit Union.”
• Following the affirmation of the charter, the desire for the new Credit Union grew as support rapidly developed. By December of 1954, the Robins Federal Credit Union had over 1,750 members and total assets in the $75,000 range. During this time, the Robins Credit Union extended over $120,000 worth of loans to members and the surrounding communities. Although this growth was startling these figures are somewhat modest when compared to the impact the Robins Federal Credit Union now enjoys. 
The Robins Federal Credit Union Today:
• The Robins Federal Credit Union, with over $1 billion in total assets and nearly 132,000 members, is the fourth largest credit union in the state of Georgia. 
• Since the cooperative’s original formation, the Robins Credit Union revamped their charter in January of 2000, to offer financial services to anyone who lives, works or attends school in the following 16 Georgia counties:
o Baldwin
o Bibb
o Clarke
o Crawford
o Emanuel
o Houston
o Jones
o Macon
o Monroe
o Peach
o Pulaski
o Putnam
o Taylor
o Telfair
o Twiggs
o Wilkinson
Robins Federal Credit Union Board of Directors:
• Currently, the Robins Federal Credit Union is chaired by Jakie Cleghorn. Each year an election for the board of Directors is held via mail ballot and results are announced at the Robins Federal Credit Union’s annual meeting. 
• Each member of the Robins Federal Credit Union’s Board of Directors serves a three-year term; following exhaustion of this term, the individual can be re-nominated and elected to serve an additional three-year term. 
• The Role of the Robins Federal Credit Union Board of Directors is to:
o Declare dividends to be paid to shareholders
o Review and approve applications for membership
o Establish loan policies regarding maturity and interest rates
o Supervise the cooperative’s investments
o Establish and maintain internal control
o Authorize borrowing policies
  
*Quotes taken directly from the Robins Federal Credit Union’s Charter