A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions are closely regulated. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of the credit union members at more than 11,000 federal and state chartered credit unions nationwide. Deposits are insured up to $250,000.00
To be eligible for membership, you must either live, work, worship, volunteer, or attend school in Wood County, West Virginia as mandated by our charter.