What’s a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
Who owns a credit union?
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.
How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.
What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.
Are savings deposits insured?
Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.
Who can join a credit union?
A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a "field of membership." The field of membership may include where they live, where they work, or their membership in a social or economic group.
Harrison District 2 Federal Credit Union is a Financial Cooperative owned and controlled by its members and was established to provide quality financial services and guarantee a safe, sound financial environment for the members who share our common bond.
Once a member always a member!
You are eligible for membership if you are an employee or a student of Harrison School District #2. Once you become a member of Harrison District 2 FCU, membership is then extended to your immediate family members. Immediate families are defined as related persons by blood or marriage, such as grandparents, parents, spouse, siblings, child, grandchild, stepchildren, step-parents and in-laws.
To our account holders and potential account holders:
In accordance with Section 326 of the USA Patriot Act of 2001, which requires the Harrison District 2 FCU to help the government fight the funding of terrorism and money laundering activities, Harrison District 2 FCU is required to obtain basic identifying information from you and verify that information when you open a new account.
This means the Harrison District 2 FCU staff will ask you for some basic information such as your name, address, date of birth, and other information designed to help us identify you. Harrison District 2 FCU staff will also ask to see documents identifying you such as a social security card, driver’s license, passport, and/or some other government-issued document.
In some cases, identification will be requested for those individuals conducting business with Harrison District 2 FCU prior to the effective date of the member identification requirements. This is because original documentation was not obtained with the opening of the account or Harrison District 2 FCU is unable to form a reasonable belief that it knows the true identity of the existing account holder.
In all cases, protection of our member’s identity and confidentiality is the Credit Union’s pledge to you. Harrison District 2 FCU appreciates your patience and understanding as we all do our part in complying with the new account identification procedures required by the federal USA Patriot Act of 2001.
Staff and Officials
Credit Union Staff
Nicholas Jensen, NCCO, CCUFC - Manager/CEO
Robert Blatnick - Assistant Manager/Security Officer
Cheryl Zaiger - Member Service Representative
Rosemary Dominguez - Member Service Representative
Board of Directors
Paul Olney - President
Janelle Stiehm-Potter - Vice-President
John McCaa - Secretary
Dorothy Piper - Treasurer
Steve Seibert- Director
Hattie Shankland - Chair
Kathy Powell - Member
Pat Haggett – Member
Please mail complaints to:
Harrison D2 FCU
C/O Supervisory Committee
P.O. Box 38758
Colorado Springs, CO 80937
|November 26, 2018||November 27, 2018||November 28, 2018||November 29, 2018||November 30, 2018||December 1, 2018||December 2, 2018|
|December 3, 2018||December 4, 2018||December 5, 2018||December 6, 2018||December 7, 2018||December 8, 2018||December 9, 2018|
|December 10, 2018||December 11, 2018||December 12, 2018||December 13, 2018||December 14, 2018||December 15, 2018||December 16, 2018|
|December 17, 2018||December 18, 2018||December 19, 2018||December 20, 2018||December 21, 2018||December 22, 2018||December 23, 2018|
|December 24, 2018||December 25, 2018||December 26, 2018||December 27, 2018||December 28, 2018||December 29, 2018||December 30, 2018|
|December 31, 2018||January 1, 2019||January 2, 2019||January 3, 2019||January 4, 2019||January 5, 2019||January 6, 2019|