Credit Unions are by their very nature different from other financial institutions, like banks. Credit Unions are not-for-profit, full service financial cooperatives owned by its customers, called members. We like to think of joining our Credit Union as you joining a family - a very large family - but a family that takes care of its members nonetheless. We look out for each other, and like any other family, there are benefits of membership. Read on to learn more!
SR Federal Credit Union, like many other Credit Unions, offers a wide variety of products and services for our members. We provide several types of checking and savings accounts, money market accounts, IRAs, CDs, various types of loans, as well as convenience services like ATM and debit cards, credit cards, online and mobile services, cashier's checks, money orders, and gift cards. For detailed information on our products and services, visit the Products or Services pages.
Because credit unions exist to serve their members, NOT to make a profit, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher interest on deposits, and lower fees.
Our regular savings and checking accounts pay a dividend with a balance as low as $50. Our Reward Checking account pays a higher dividend rate with no minimum balance as long as you use your debit card for 10 point-of-sale transactions and have one ACH transaction for the month. Other accounts have varying requirements and dividends. Visit ourProductspage for more information.
Membership is open to persons who live, work, worship or attend school in, and businesses and other legal entities located in Montgomery or Greene Counties, Ohio.
In addition, immediate family members of current members are eligible for membership. Immediate family members are defined as spouse, child, sibling, parent, grandparent, or grandchild as well as step-parents, step-children, step-siblings, adoptive relationships or sharing a residence with a current member of SR FCU.
Standard Register Federal Credit Union was founded on May 19, 1936 as the Kant-Slip Federal Credit Union. The name reflected the Standard Register Company's dedication to producing quality business forms which "can't slip" when used.
At that time, some Standard Register Company employees decided to create a financial cooperative that would reward thrift and emphasize service rather than profits.
Those charter members envisioned a place where ordinary citizens could borrow money at a reasonable rate. Thus, the first members quickly discovered that they could obtain loans at their Credit Union at rates far below those of the notorious "loan sharks" of the day. Similarly, those eligible could become members with a beginning deposit of only 25 cents.
Initially, the Credit Union was located in an office of what became Building #1 at Standard Register's corporate headquarters. The total net income during the Credit Union's first year of operation was $2.73.
As the Credit Union grew over the years, many things changed:
Yet one thing hasn't changed - our dedication to member service. We still strive to put people before profits, and will continue to do so for at least 75 more years.
Original Kant-Slip FCU Ledger from the 1930s
Membership is free. There are no dues or fees involved. Each member, however, must open a Primary Share Savings Account and maintain a balance of at least $5.00 in that account. This is your "Share" of the Credit Union.
Our philosophy is "Once a member, always a member." You can still be a member even if you relocate out of the area, out of state, or in the case of Company Sponsored Memberships, if you retire or take a job with another company. And with over 5,000 Shared Branching locations and 30,000 ATMs nationwide, you can always access your SRFCU account, no matter where you call home.