Spencerport Federal Credit Union (SFCU) is a not-for-profit financial instetution that has been serving the Spencerport community in New York since 1954. As a member-owned cooperative, SFCU is dedicated to providing its members with affordable financial services and personalized attention to help them achieve their financial goals. In this article, we will explore the history, products, and benefits of banking with Spencerport Federal Credit Union.
History of Spencerport Federal Credit Union
Spencerport Federal Credit Union was founded in 1954 by a group of employee of the Spencerport Central School District. The credit union started as a small organization with just a few members, but over the years, it has grown into a full-service financial institution serving thousands of members in the Spencerport community.
Today, SFCU is open to anyone who lives, works, worships, or attends school in the Town of Ogden, the Village of Spencerport, or the Town of Sweden. SFCU is governed by a volunteer board of directors, elected by the members, and managed by a team of experienced financial professionals.
Products and Services
Spencerport Federal Credit Union offers a range of financial products and services to help its members achieve their financial goals. Some of the products and services available at SFCU include:
- Savings and checking accounts: SFCU offers a variety of savings and checking accounts to fit every member’s needs, including a high-yield checking account that pays dividends on balances over $1,000.
- Loans: SFCU offers a variety of loans, including personal loans, vehicle loans, and home equity loans, with competitive rates and flexible terms.
- Credit cards: SFCU offers a Visa Platinum credit card with a low interest rate, no annual fee, and rewards program.
- Online banking: SFCU’s online banking platform allows members to access their accounts 24/7, view transaction history, transfer funds, pay bills, and more.
- Mobile banking: SFCU’s mobile app allows members to manage their accounts on the go, deposit checks, and pay bills from their smartphones.
Benefits of Banking with Spencerport Federal Credit Union
There are several benefits to banking with Spencerport Federal Credit Union, including:
- Personalized service: As a member-owned cooperative, SFCU is dedicated to providing personalized attention to every member. Members can speak directly with a representative at any time to get help with their financial needs.
- Lower fees and better rates: Because SFCU is not-for-profit, it can offer lower fees and better rates than traditional banks. Members can save money on ATM fees, overdraft fees, and other charges.
- Community involvement: SFCU is committed to giving back to the community it serves. The credit union supports local organizations and events, such as the Spencerport Canal Days festival, and sponsors scholarships for local students.
- Financial education: SFCU offers financial education resources to help members improve their financial literacy and make informed decisions about their money. The credit union hosts seminars and workshops on topics such as budgeting, credit management, and retirement planning.
How to Join Spencerport Federal Credit Union
Joining Spencerport Federal Credit Union is easy. To become a member, you must meet one of the following eligibility requirements:
- Live, work, worship, or attand school in the Town of Ogden, the Village of Spencerport, or the Town of Sweden.
- Have an immediate family member who is already a member of SFCU.
To join, you will need to provide some basic personal and financial information and open a share account with a minimum deposit of $5. Once you become a member, you will have access to all of the credit union’s