Select Employees Credit Union

Overview

The Select Employees Credit Union is a member-focused nonprofit financial cooperative committed to serving its members through various financial products and services. It is a credit union, which means it operates with the goal of providing financial benefits to its members rather than maximizing profits for shareholders.

Mission and Objectives

The credit union's mission is to meet the needs of members by providing financial products and services delivered with integrity, personal care, and personalized attention. Its operational philosophy emphasizes member satisfaction and aims to deliver financial solutions tailored to individual needs.

Services

The credit union offers a range of services to its members, including:

• Consumer Loans: Providing personal loans to assist members with various financial requirements.
• Real Estate Loans: Offering mortgage options for those seeking to purchase or refinance properties.
• Deposit Services: Including checking and savings accounts, facilitating members' day-to-day financial activities.
• Credit Union Checks: A service allowing members to make payments to third parties without using personal checks or cash by issuing checks drawn on the credit union's account.

Membership and Eligibility

Membership eligibility is typically based on specific criteria, which may include employment status, association with particular groups, or residence within a defined area. Once eligible, members can access the full suite of services and benefits provided by the credit union.

Financial Practices

The credit union operates on a not-for-profit basis, using member fees and interest to cover operational costs and provide dividends to members. It also charges minimal fees for certain services, such as issuing checks payable to third parties.

Governance and Operations

While specific details about the governance structure or board members are not publicly disclosed, the credit union likely adheres to standard credit union governance practices, which involve member-elected boards overseeing operations and ensuring that the credit union remains aligned with its mission.

[1] https://www.selectcu.com/services/credit-union-check/ [2] https://www.selectfcu.org [3] https://www.guidestar.org/profile/36-2440414 [4] https://www.selectcu.com [5] https://www.causeiq.com/organizations/select-employees-credit-union,362440414/