Membership Benefits

Partner with us… for all of your financial needs!

What is a credit union?

A credit union is a nonprofit financial institution organized to provide checking and savings accounts, loans and other financial services to its members. Credit unions are democratically owned and controlled institutions based on "people helping people" principles. It is both owned and controlled by its members, with each member having an equal vote and the opportunity to serve on the board of directors. Credit unions are either state or federally chartered. Florida State University Credit Union is State-chartered, supervised by a state regulatory agency. The National Credit Union Administration supervises those with federal charters.

What membership means:

Members elect credit union boards of directors; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and low cost services.

Is my money safe?

Although credit unions generally pay higher rates on savings accounts and other types of investments than banks and Savings & Loans do, those higher rates don't necessarily translate into higher risk. That's because the National Credit Union Share Insurance Fund (the credit union's equivalent of the Federal Deposit Insurance Corp), Federally insures each account to at least $250,000, backed by the full faith and credit of the United States Government.

Who can become a member?

You qualify for membership if you work for or belong to any of the groups shown in what we call our Field of Membership. The Field of Membership includes the Florida State University community as well as many companies that conduct business with or for the university.

Florida State University Credit Union Field of Membership:

  1. FSU Students in good academic standing
  2. The faculty and staff of the Florida State University
  3. FSU graduates who live and/or work in Franklin, Gadsden, Jefferson, Liberty, Leon, Wakulla and Bay Counties
  4. Members and employees of organizations which are part of the FSU community
  5. Members and employees of businesses that do business with and/or have offices at FSU
  6. Family of existing Florida State University Credit Union members
  7. Employees and residents of the Retirement Facility located at 100 John Knox Road, otherwise known as HarborChase Senior Living Community
  8. Employees of the Credit Union

    9. ~If you have any affilation with FSU, you are most likely eligible to join. Contact us to confirm.~

How long does membership last?

It's simple. Once you're a member of Florida State University Credit Union, you're always a valuable part of our credit union family. Even if you move out of the area or leave your current employer, your membership with us is still welcome. And you can still take advantage of our convenient services no matter where you are. We offer free Internet Banking, a toll free Touch-tone telephone system and call center, direct deposit and many on-line services such as loan applications and check reorders to make your financial transactions as easy as possible from anywhere in the world.

NCUA: Your deposits federally insured to $250,000 by the National Credit Union Administration, a US Government agency | Equal Housing Lender | America's Credit Unions: Where people are worth more than money

IMPORTANT NOTICE:
The Credit Union does not endorse, approve, certify or control any of the "live" links to other Internet addresses which are provided for members' convenience in accessing information not maintained on this site.
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