We are committed to helping members enhance their financial status by providing needed financial products and services while operating in a sound financial manner.
The Value of Credit Union Membership
Your Cleveland/Bradley County Teachers Federal Credit Union membership gives you something you can’t get from a bank: ownership. That’s a fundamental difference between banks and credit unions. Another fundamental difference: we are a sound, not-for-profit financial organization.
As a member-owned, not-for-profit financial cooperative, our earnings are returned to members in the form of low cost loans, high yield dividend accounts, and free or low cost services. When profit is removed as a motivating force, attention is shifted to the best interest of the membership. Rather than focusing on making this institution more profitable, we focus on operating the credit union as efficiently as possible for the financial benefit of the members. As member-owners, we all have a stake in the credit union’s success. The better the credit union does, the better you do. Unlike a bank, you, as a member-owner, get to elect our Board of Directors. They serve as unpaid volunteers, accepting personal liability for the performance of the organization. If you owned a grocery store, you would use your own products at a lower cost. You wouldn’t go to the market down the street and pay more money for the same products, even if it was more convenient. So when it’s time to borrow, make a savings investment, or open a checking account, please remember, as an owner you play a vital role in your credit union’s success. By using our services, and by spreading the word to your eligible co-workers and family (including your spouse, children, siblings, parents, grandparents, and grandchildren – who are all eligible to join), you are helping us, and you, grow and thrive.
As we grow and enjoy more successes, we are able to offer online services such as Virtual Branch, Alert Me Credit Monitoring, Automobile Purchase Pricing Guide, and Turbo Tax. Our motto is “People Helping People”. We’re all working together to help each other. That’s the value of credit union membership!