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Credit Union of Emporia
We have a Five-Star rating from Bauerfinancial (www.bauerfinancial.com).
History of Our Credit Union
The Credit Union of Emporia was formed in 1953 by seven Santa Fe Railroad employees. It was originally called the “Emporia Santa Fe Credit Union”. In 1985, the members voted to change the name to “Credit Union of Emporia” to better reflect the membership, which represents many of the Lyon County employee groups. The Credit Union moved to its’ current location at 2711 W. 15th Avenue in 1998.
What is A Credit Union?
Credit Unions are non-profit organizations that are owned by all of its members who share a common bond. Each member holds a share of the Credit Union and is considered an owner.
Most Credit Unions require membership in order to have an account with them. A person must meet some type of eligibility requirement. The Credit Union of Emporia requires that you are either employed at or retired from one of the many member firms of the credit union, or that you are an immediate family member of a current credit union member. Membership is established by depositing $25 into a share savings account.
A member now holds a share of the Credit Union and is considered an owner. This entitles a member to vote on the Credit Union’s Board. The Board makes decisions concerning the Credit Union and consists of other credit union members that were voted into their positions.
This Credit Union is federally insured by the National Credit Union Administration