The credit union cooperative concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool for members to borrow from at lower interest rates. Today's Credit Unions are similar. A Credit Union is a member-owned and not-for-profit financial cooperative. Deposits provide money for members who need loans. Members usually earn higher dividends on savings and pay lower interest rates on loans. Although Credit Unions have changed over the years to meet the demands of their members, our long-standing philosophy of "People-Helping-People"® has remained the same.
If you are like most people, you look for financial alternatives to managing your money. Not all financial institutions are alike. Patriot Federal Credit Union offers you an option. Patriot Federal Credit Union is uniquely different from a bank, finance company, Savings & Loan, or Thrift. Once you join us, you'll be immediately eligible for our low or no-fee financial services, lower interest rates for loans, and higher yield investment and savings accounts. Plus, you'll receive outstanding member services and the attention you deserve. Joining is easy. If you are eligible, simply open a Share Account which represents your "ownership" in the Credit Union. Your share begins your lifetime of Credit Union benefits.
On July 13, 2000, Patriot Federal Credit Union became a Community Charter. A community charter permits a field of membership that is geographic-based rather than sponsor-based. You are eligible to join if you live, attend school, worship, or work in: Franklin County, PA; Fulton County, PA; Washington County, MD; or the Borough of Shippensburg, PA (including that portion in Cumberland County, PA).
Your Credit Union membership is for life, regardless of whether you change jobs, move, or retire. Wherever you go or whatever you do, you can access your Credit Union's financial products and services by mail, phone, fax, e-mail, Internet, and nationwide ATMs.
Patriot Federal Credit Union is a unique, not-for-profit, member-owned financial institution. We are chartered by the federal government and regulated by the National Credit Union Administration (NCUA). Member deposits are federally insured by the National Credit Union Share Insurance Fund (NCUSIF). We provide friendly and personal service, lower interest rates for loans, and higher yields on savings accounts.
Patriot Federal Credit Union is a member-owned and operated, not-for-profit financial cooperative chartered under federal law. PFCU has been providing sound financial support for its members for many years through the efforts of its Board of Directors, Supervisory Committee, and professional staff. Each group performs different functions to ensure the integrity and soundness of the Credit Union. The Board establishes loan and savings policies and directs the affairs of the Credit Union. The Supervisory Committee oversees the financial affairs and strength of your Credit Union. If you would like to know more about the functions of your Board and Supervisory Committee, give us a call and/or attend the Annual Meetings.