Greater Chautauqua FCU

Story

Credit Unions are not-for-profit organizations offering a wide array of financial services and they are owned by their membership. If you have an account with Greater Chautauqua Federal Credit Union, you are a member and part owner. As a member/owner, you have the right to both vote and run for the Board of Directors. You get only one vote regardless of how much money you have at the credit union and all of our directors are volunteers and receive no compensation for their service. This process guarantees that Greater Chautauqua Federal Credit Union is looking out for your financial interests and not that of a small group of stockholders.

Greater Chautauqua Federal Credit Union is federally insured by NCUA. The federal insurance program for credit unions is the National Credit Union Share Insurance Fund (NCUSIF). This fund is arguably stronger than the banks insurance fund. The NCUSIF provides all members with up to $250,000 in coverage.

Credit Unions can and do make excess earnings (profit), however this money belongs to you the members, not stockholders or management. This money is used to fund required reserves to ensure a safe and sound financial institution.

In short, if you are looking for a financial institution where you are more than a dollar sign, a credit union is a great choice. Because you are the owner, your voice is always heard, and your interests comes first, not big profits. This may be the reason that Credit Unions have always outperformed Banks in their industry's own survey of customer satisfaction among financial institutions.

Products

Account Types:
• Share (Savings) Accounts
• Share Draft (Checking) Accounts
• Money Market Accounts
• Share Certificates
• IRA's (Traditional, Roth and Educational)

Services:
• Holiday/Vacation Clubs
• Free Home Banking
• Free Mobile Banking
• Free Bill Pay
• Free VRU (24-Hr Automated Phone Line)
• Free Text Banking
• VISA Check Card
• Direct Deposit
• Night Depository
• Wire Service
• Money Orders
• Certified Checks
• Free Notary Service
• Annual Scholarships
• Theme Park Discount Tickets

Loan Types:
• Signature/Personal/Holiday
• Share Secured
• Overdraft Protection
• Revolving Line of Credit
• New & Used Vehicles
• New & Used Recreational Vehicles
• 1st Mortgages
• Home Equity (Fixed Rate)
• Preferred Equity (Fast & Easy)
• Mobile Home
• Other Collateral (Law Tractors, Farm Equipment, etc.)
• Credit Builder Loan Program