To value people over profit, work passionately, exceed expectations, proactively seek improvement, and make our community a better place.
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What's a credit union?
A credit union is a nonprofit cooperative owned and operated by its members. This is what distinguishes a credit union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, income is returned to all members in the form of dividends and comprehensive financial services.
Each member owns an equal "share" in the organization and has the right to vote in elections for the Board of Directors and Supervisory Committee. Every member has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders who profits more than anyone else. All members profit — individually and collectively.
When you join a credit union, membership is for life — even if you retire, move away or change employers. Our policy is "lifetime membership"; once a member, always a member.
The Board of Directors' role is to govern by establishing and reviewing policy. Credit union Directors are members who are elected by the membership and serve voluntarily without pay.
In 1952, seven Reynolds Metals employees came together with $5 each and an idea of creating a credit union that was member-owned and member-focused. Service was their only motivation, which added value to being a member.
We have grown from an office at Reynolds Metals to 18 branches throughout northwest Alabama and southcentral Tennessee. Today, we serve 13 counties with a full line of financial services. Our purpose and commitment to value has never changed.