Community Healthcare Credit Union Inc

Overview

Community Healthcare Credit Union Inc is a not-for-profit financial institution that was established in 1959. It operates as a cooperative, owned and managed by its members, providing financial services to its community.

Membership

The credit union serves healthcare employees east of the Connecticut River, as well as their families. Additionally, anyone who resides, attends school, works, or worships in the towns of Glastonbury, Vernon, and Manchester is eligible for membership.

Financial Services

Community Healthcare Credit Union offers a range of financial services similar to those provided by traditional banks, but with a focus on low-cost and member-friendly offerings. These services include savings accounts, checking accounts, IRAs (Individual Retirement Accounts), Certificates of Deposit, VISA credit cards, and various consumer loans. Competitive lending rates are a key feature of the credit union's offerings, with options for fixed-rate loans and partnerships for mortgage services.

Nonprofit Status

Community Healthcare Credit Union Inc is designated as a 501(c)(14) organization, which categorizes it as a state-chartered credit union and mutual reserve fund. As such, donations to the organization are not tax deductible.

Mission

The credit union is committed to providing accessible services while maintaining a focus on personal and community-oriented banking practices. It aims to offer low-cost services with competitive rates, distinguishing itself from traditional banking institutions.