Apply for Membership
Al-Gar Federal Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. Those eligible for membership may join and enjoy member benefits for life.
Member Owned and Controlled
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.
Al-Gar FCU 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.
Your Deposits are Insured
All Al-Gar FCU deposit accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.
USA Patriot Act
Important Information About Procedures for Opening New Accounts
The USA Patriot Act was signed into law after September 11, 2001 and requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. This law mandates all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
Therefore, when you open an account we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We will also ask for a photocopy of your driver’s license or current government issued photo ID.
Occasionally, identification for existing account holders may be requested so that the credit union can be sure we know the true identity of each individual.
These requirements may not be waived under any circumstances.