Community first credit union
![community first credit union community first credit union](https://i0.wp.com/www.intelligence360.news/wp-content/uploads/2022/08/firefighters.jpg)
He added that the establishment of the Community First Fund Credit Union in Lancaster is a significant enhancement to the community. “Investing in projects that help build strong and healthy communities is a key priority for Santander Bank, and we are proud to be a longtime supporter of Community First Fund,” Seth Goodall, executive director, corporate social responsibility for Santander Bank, said in a statement. Santander was the first bank partner to commit significant funding to launch the credit union, according to Community First Fund. It’s a transformational moment that could help lift the entire community,” Tom Koppmann, M&T Bank’s regional president for Southeastern Pennsylvania, said in a statement.
![community first credit union community first credit union](https://i0.wp.com/www.clevernero.com/wp-content/uploads/2022/08/Mountain-America-Credit-Union.jpg)
“This is about expanding access to banking and other financial services to communities in the area that have been underbanked for years. It has supported the Community First Fund for more than 20 years. M&T has committed $1 million over the next five years to help Community First Fund Credit Union expand access to banking and other financial services. “The survey showed a need to strengthen the financial mobility of families and that the creation of a financial center would help foster financial equity and economic prosperity,” the press release stated.Ĭommunity First Fund has received funding from private donors, local foundations and national bank partners including M&T Bank and Santander Bank. Unbanked, according to Community First Fund, refers to those who do not have either a savings or checking account, while underbanked means they do have bank accounts but rely on alternative financial services like money orders, check cashing stores, or pawn shop loans.Ĭommunity First Fund said it partnered with Franklin & Marshall College’s Center for Opinion Research - surveying Lancaster County residents to understand the local need and demand for a credit union. In planning to launch a credit union, Community First Fund considered national data that shows 27% of households in the United States are either unbanked or underbanked, while nearly 50% of Black and 46% of Latino households are unbanked or underbanked. Each member has one vote regardless of how much money he or she has in his or her account.The credit union provides access to consumer financial products and education that improve personal financial stability and provide opportunities to obtain quality, affordable housing, according to a press release about the branch opening.Ĭommunity First Fund Credit Union was chartered by the National Credit Union Administration in June 2021 and offers personal savings and checking accounts, business checking accounts and business and personal loans.
![community first credit union community first credit union](http://ww1.prweb.com/prfiles/2016/06/27/13515614/FCCU%20Offical_Logo%20horizontal.jpg)
As a member/owner, you are eligible to participate in the Credit Union's annual meeting and vote on issues affecting the Credit Union, including electing a Board of Directors. Additionally, we are member-managed by a board of directors composed of members in good standing.
![community first credit union community first credit union](https://media.bizj.us/view/img/10261752/community1starlington01*1200xx4429-2491-0-636.jpg)
Our Credit Union is more than a financial institution we are a not-for-profit cooperative for a "common bond" of people. Immediate family is defined as a spouse, child, sibling, parent, grandparent, grandchild, aunt, uncle, niece, nephew, first cousin or legal guardian and includes step, in-law, and legally adoptive relationships. Immediate family members of existing members are also eligible to gain membership in the credit union. Community First Credit Union was chartered in July of 1952 in the state of Missouri originally as Division #3 Highway Credit Union, and serves anyone who lives or works in Marion and Ralls Counties.