About Al-Gar FCU

About Al-Gar FCU

Al-Gar Federal Credit Union is a not-for-profit member owned financial institution. Today we proudly serve more than 4000 members.

Serving Select Employee Groups

Chartered in 1954 by the National Credit Union Administration, Al-Gar Federal Credit Union was formed to serve the financial needs of the employees of the U. S. Postal Service.  Since the original charter many other employer groups have been added to the membership along with several other credit unions. In January 1986 Potomac Farms Dairy Credit Union merged with Al-Gar FCU and in August 1993 Pitt-Co MD Federal Credit Union merged with Al-Gar FCU.

Serving Community Members

In 2002 membership eligibility was expanded to included persons who live, work, worship, attend school in, and businesses and other legal entities located in:

  • census tract 000300 in Garrett County, MD;
  • Allegany County, MD, excluding census tract 002001;
  • Mineral County, WV; and
  • census tract 968400 in Hampshire County, WV.
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Our Mission Statement

Al-Gar Federal Credit Union, a member owned and directed financial institution, is dedicated to serving the present and future financial needs of our members, through cost effective financial services consistent with co-operative principles, applicable legislation and sound management.  These products and services will be offered in a friendly, convenient environment at such a price as to facilitate growth and protect our members’ assets.

Our Purpose

The primary purpose in furthering our goal of service to our members 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.