FCFFCU Membership


Credit Union Philosophy

A credit union is a financial cooperative organized to promote savings and to provide consumers credit at favorable interest rates. All members of the credit union pool their assets, providing funds for loans to those in need within the group.

Credit unions are not-for-profit cooperatives, owned and controlled by their members. Members elect volunteer directors and supervisory personnel from among the membership to direct operations.

The credit union is democratic in nature, with members possessing equal rights to vote (one member, one vote) without regard to one's saving deposits or volume of business.

Credit union services are designed to improve the economic and social well-being of its members rather than to maximize profits. Any profits made by the credit union, after appropriate reserves and expenses, are returned to the members in the form of dividends, lower loan rates, more services or other benefits.

Who is Eligible for Membership?

Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Fulton County, New York; Montgomery County, New York; or the Towns of Arietta, Benson, Hope, Wells, Lake Pleasant, Speculator or Indian Lake in Hamilton County, New York.

And also included are spouses of persons who died while within the field of membership of this credit union, employees of this credit union, members of their immediate family or household, and organizations of such persons.

An initial deposit of $5 or more in a share account is all that's required to join. This provides you with a lifetime membership even if you retire, move, or leave for another job.


Important Information About Procedures to Open a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your drivers license or other identifying documents.