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Financial
Calculators
Useful Facts
(Outside Links)
Credit Unions and
Credit Union Membership
What
is the Stark Federal Credit Union?
Stark Federal
Credit Union has been serving members since
1961. We now service over 11,000 members. According
to a recent survey, our members rated our staff high
in accuracy and friendliness. We are also one of the fastest growing
credit unions in Ohio. Our members even rated
us higher than other members did in other credit
unions.
What
is a Credit Union?
A credit union is a group of people with
a permit to do business with each other. A business
of saving their money in a common fund, and of making loans to the members from that fund.
While big bank chains often cater to their customers
that are most profitable, the credit union philosophy
has always been one of equality and personal service.
A
Credit Union is not a credit
bureau
A
Credit Union is not a labor
union
A
Credit Union is not a loan
company nor a finance house
A
Credit Union is a group of
people who have joined forces to manage their
own money
Its basic
objectives are to teach and encourage thrift among
members and, through their combined savings, extend
to members low cost credit for any worthwhile
purpose.
How
can I join Stark Federal Credit Union?
You are eligible to
join if you live, work, worship or attend school in Stark or Carroll
Counties. Just stop in to any one of our three offices with
your ID and the minimum $5.00 minimum deposit. We would love to have you as a
member!
Who
owns Stark Federal Credit Union?
You do! As a member own
the credit union, you are not a customer at your
credit union. You are an OWNER.
Who establishes Credit Union policies?
A Board of Directors
elected from the membership by the members, has the
general direction and control of its affairs. It sets
the policy under which the officers and committees
operate.
A Credit Committee
is elected by the members to review the loan applications.
A Supervisory
Committee is appointed by the Board of
Directors to audit internal affairs. Our Supervisory
committee audits our Credit Union records annually.
This is in addition to our federal examination.
An Education
Committee decides upon marketing and
promotional aspects of the Credit Union. They are
charged with keeping our members up to date on and with the organization.
The board
and committee members receive no pay
for their service.
Stark
Federal Credit Union is chartered under the laws of
the United States of America and is affiliated with the Credit Union National Association
(CUNA) and the Ohio
Credit Union League.
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