Committed to serving our members and their families

Join Our Family

The Credit Union has expanded its field of membership and you are eligible to join if you live, work, worship, attend school, or regularly do business in Clarion, Jefferson, Forest or Venango counties in Pennsylvania. The Credit Union offers a wide variety of financial products including saving accounts, checking accounts, single and joint accounts, debit cards, low interest rate auto loans and home equity products, IRA’s, term certificates, Christmas and vacation club accounts.

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A $5 deposit is required to open your account. The $5 remains in your account until you wish to close it permanently. We ask that you keep your account active - either through payroll deductions or regular deposits. Credit Unions are a great alternative to banks and the Clarion Federal Credit Union wants to extend our products and financial services to you! The character of the Credit Union is that our products will save members money – whether it is through low to no service costs on deposit products or getting a great rate on a loan.

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If you wish to open an account please have the following items with you:

• Social Security Number
• Current valid driver’s license or photo ID with current address*
• If opening a joint account all parties must have all the information listed above.

*If you don’t have an address change card with current address you will need to provide a current utility bill with your current address.

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Benefits of Credit Union Membership:

• Members are the owners
• Credit Unions are non-profit organizations
•Offer lower loan rates and higher dividend rates than other financial institutions

Our Partners

We establish business partners with area business’s and bring the Credit Union to you and your employees by having Credit Union Days at your place of business. We bring our financial knowledge and are available to answer any questions you should have about an existing account, opening a new account, refinancing loans, etc. The Credit Union offers this special service free of charge.

To find out more about how we can become a great benefit to you and your employees— contact Elicia Mealy by phone at 226-5032 x126 or by email at emealy@clarionfcu.org. If you’re currently a business partner and aren’t receiving monthly emails from Elicia please contact her at the information listed above.

Board Of Directors

From the Board of Directors – Election Committee

Each year you, the membership, decide by way of voting, the candidates that will best represent you to sit on the Credit Union Board of Directors. This election is in April. On the Board of Directors there are 9 seats, 3 of which will be available to fill.

All decisions made by the Board of Directors must be guided by the best interests of the membership.

Responsibilities of the voluntary board members include:

• Planning the Credit Union's course
• Setting policies
• Making sure the Credit Union maintains its sound financial condition
• Keeping communication open to educate members on services
• Reviewing the management’s progress in achieving goals and objectives
• Reporting to the members at the annual meeting

It is vital for all aspects of the Credit Union that quality people continue to serve as a Director. Candidates need to be able to serve the members of our Credit Union and be able to think strategically. The Board meets in the evening on the 3rd Tuesday of each month.

If you are interested in becoming a board member, please e-mail us at info@clarionfcu.org or complete the nomination form available in the office or here on the web ( Click here ) and return it to our Clarion office:

Clarion Federal Credit Union – Election Committee
114 Holiday Inn Rd
Clarion, PA 16214

Board of Directors Election Committee

FAQs

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What is a Credit Union?

A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership.

The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who owns a Credit Union?

Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization.

The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

How did Credit Unions start?

The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

What is the purpose of a Credit Union?

The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means.

Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

Are savings deposits insured?

Yes. All savings accounts are insured to at least $250,000.00 by the NCUA, the National Credit Union Administration, an agency of the federal government.

Who can join a Credit Union?

The Clarion Federal Credit Union accepts persons who live, work (or regularly conduct business in), worship, or attend school in, and busi-ness and other legal entities located in Clarion, Forest, Jefferson and Venango Counties, Pennsylvania.