Q: What is a Credit Union?
A: Credit unions are not-for-profit financial cooperatives which are established to serve a group of people with some type of common bond (i.e. employment, geographic location, etc.).

Q: What is the purpose of a Credit Union?
A: The purpose of a credit union is to offer its members quality financial services at a cost that is lower than those found at traditional financial institutions. The fact that a credit union is owned by its members, not profit-driven stockholders, is what allows for the low-cost services. Earnings are returned to members in the form of lower fees, higher rates of return on deposits and lower rates on loans.

Q: Are my deposits federally insured:
A: YES! The National Credit Union Administration (NCUA), a federal agency, insures your Regular account(s) up to $100,000 and your IRA account(s) up to 250,000. To learn more about the type of accounts and the total amounts that the NCUA may insure visit this link directly to NCUA: http://www.ncua.gov/ShareInsurance/index.htm.

Q: What types of services are offered?
A: Originally, credit unions offered only traditional savings and consumer loan products. Today, however, most credit unions offer numerous services such as checking accounts, certificates of deposit/share certificates, mortgage loans, ATM banking and debit cards, just to name a few.

Q: How can I join?
A: If you are a resident of Stephens County, or your company is currently affiliated with North Georgia Credit Union, simply complete the online membership application or stop by our office. If your employer is not affiliated with the credit union, please talk to your employer about the need for credit union access. Credit Union Members' IMMEDIATE FAMILY members are also eligible to join.