Description

The Alco Federal Credit Union is a local financial institution, existing to provide personal financial services to its members. Like all credit unions, management is by a Board of Directors made up of persons democratically elected from its membership, by the membership. Board members volunteer their time and effort to ensure the highest standard of services possible to members of the credit union. Members pay less for financial products and services because the credit union is a not-for-profit organization owned by its members. Earnings above our operating expenses and reserves are returned to the members in the form of lower cost loans, higher yields on deposits, convenient offices and access methods and lower (if any) fees. Each year at our annual meeting, members elect volunteers to fill positions on the board of directors. One member, one vote - Democracy in action. In addition, once a member, always a member - even if you leave your current employer or relocate to a new area. Our commitment to you is that we will continually find ways to add value to your credit union membership. The more you use Alco FCU services, the more you will save.