If you live in or around the city of Frankfort, Illinois, and you’re looking for a reliable and trustworthy financial institution, then you might want to consider joining Frankfort Credit Union (FCU). FCU is a not-for-profit, member-owned financial cooperative that has been serving the financial needs of its members for over 65 years. In this article, we’ll provide you with an overview of FCU’s services and benefits, as well as some tips on how to become a member and make the most out of your membership.
History and Mission
FCU was established in 1955 by a group of 13 employees of the Frankfort School District. Their goal was to create a financial institution that would provide low-cost loans and other financial services to its members. Over the years, FCU has grown to serve not only the Frankfort School District but also the communities of Frankfort, Mokena, New Lenox, Manhattan, and Tinley Park.
FCU’s mission is to provide its members with affordable financial services while promoting financial literacy and responsible money management. The credit union is committed to helping its members achieve their financial goals, whether it’s saving for a down payment on a house, paying off debt, or planning for retirement.
Services and Benefits
FCU offers a wide range of financial products and services designed to meet the needs of its members. Here are some of the services and benefits you can enjoy as an FCU member:
- Savings Accounts: FCU offers a variety of savings accounts, including regular shares, money market accounts, and club accounts. You can earn competitive dividends on your savings, and your funds are insured up to $250,000 by the National Credit Union Administration (NCUA).
- Checking Accounts: FCU’s checking accounts come with no monthly fees and no minimum balance requirements. You can also enjoy free online banking, bill pay, and mobile banking.
- Loans: FCU offers a variety of loan products, including auto loans, personal loans, home equity loans, and mortgages. The credit union’s rates are competitive, and the loan application process is fast and easy.
- Credit Cards: FCU’s credit cards come with low rates, no annual fees, and rewards programs. You can choose from several card options, including a cash-back card, a rewards card, and a low-rate card.
- Investment Services: FCU partners with CUSO Financial Services, L.P. to offer investment and financial planning services. You can work with a financial advisor to create a personalized investment strategy that meets your needs and goals.
Making the Most out of Your Membership
Here are some additional tips on how to make the most out of your FCU membership:
- Take advantage of FCU’s discounts: FCU offers discounts on a variety of products and services, including car rentals, hotels, and theme park tickets. Make sure to check out their website or ask a representative for more information on current discounts.
- Attend FCU’s financial education workshops: FCU hosts regular financial education workshops on topics such as budgeting, investing, and retirement planning. These workshops are free for members and can help you improve your financial literacy.
- Utilize FCU’s ATM network: FCU is part of the CO-OP ATM network, which provides access to over 30,000 surcharge-free ATMs nationwide. You can use any of these ATMs to withdraw cash or check your account balance without incurring fees.
- Take advantage of FCU’s mobile app: FCU’s mobile app allows you to easily access your accounts, make deposits, transfer funds, and pay bills from your smartphone or tablet. Make sure to download the app and set up your account to take advantage of this convenient service.
Frankfort Credit Union is a great option for anyone in the Frankfort, Illinois area looking for a reliable and affordable financial institution. As a member, you can enjoy a wide range of financial products and services, as well as access to free financial education resources and discounts. By taking advantage of FCU’s services and resources, you can improve your financial literacy and achieve your financial goals. To become a member, visit FCU’s website or stop by one of their branch locations.