United Local Credit Union is a cooperative corporation owned and operated by you, the members, for the benefit of all who belong. Formed in 1953, the purpose of the Credit Union is to encourage thrift and security and to provide a unique savings and lending service to its members. It offers credit at low rates and better than average earnings on savings.
What Is A Credit Union?
A Credit Union is a not for profit Financial Institution whose mission is to provide financial stability and leadership to it's community and those members that they serve.
A Credit Union has three governing bodies made up of volunteer members that are elected by the Credit Union Membership:
A Board Of Directors establishes policies and is directly responsible for the Credit Union.
A Supervisory Committee retains the services of a Certified Public Accountant to examine the Credit Union operations and supervises the actions of the Board of Directors, officers and committee persons.
A Credit Committee reviews, approves and expedites loans. Members of the Credit Committee are usually Credit Union Employees, appointed to the Credit Committee by the Board of Directors.
Members of the Board of Directors and Supervisory Committee are elected by the membership at the Annual Meeting, which is held in the first quarter of each year.
What services does United Local Credit Union Offer?
- Consumer Deposit Accounts, including:
- Savings, Checking, Christmas Club, Money Market, IRA's and CD's
- Consumer Lending Products, including:
- New & Used vehicle loans, Credit Cards, Personal and Debt Consolidation Loans and Home Improvement Loans, along with access to a full line of Mortgage Products
- Access to over 30,000 no-charge CO-OP ATMs for deposits and withdrawals
- Free Online Banking
- Free Mobile Banking
- Automatic and online loan payments
- Courtesy Pay Overdraft Services
Who can join United Local Credit Union?
We are open to anyone who lives, works, or worships in Fresno or Merced Counties. Also, members of any local union affiliated with the Central Labor Council and Retail Clerks from the counties of Fresno, Madera, Tulare, Kings, Merced and Mariposa are eligible for membership.
What are some advantages of joining United Local Credit Union?
Because Credit Unions are democratic, member-owned cooperative, members-like you - have the power to direct credit union policy. Each year, the credit union holds an annual election and meeting, where members select candidates for the Board of Directors, from among their peers, to represent them in setting the policies of the credit union. Credit union elections are based on a one-member, one-vote structure. This structure is unlike the for-profit, public companies where stockholders vote according to the number of shares of stock they own.
Besides the member-ownership advantage, the not-for-profit status of credit unions enables them to operate at a lower cost than many for-profit institutions, and helps them to offer competitive loan and savings rates to you, the member.