Struthers Federal Credit Union offers many other services for our members. As a member of Struthers FCU, you’ll benefit from the best rates every day, and you can take advantage of the following services. Have questions? Feel free to call us and we’ll be happy to help you!
Direct Deposit and Payroll Deduction
VISA® Gift Cards (a service small fee per card applies)
FREE Notary Service
Frequently Asked Questions
What’s a Credit Union?
A credit union is a not-for-profit financial cooperative organized to promote thrift and provide credit to its members. It is member-owned and controlled by a Board of Directors elected by the membership. The Board serves on a volunteer basis and may hire a management team to manage the daily operations of the credit union. The Board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
Who owns a credit union?
Most financial institutions, such as banks, are owned by stockholders, who own a part of the financial institution and intend on making money from their investment. A credit union doesn't operate in that manner. Instead, each credit union member owns one "share" of the financial cooperative. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.
How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.
Are savings deposits insured?
Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.
|Fee Schedule (Effective 05/01/2016)|
|Non-Sufficient Funds for ACH or ATM Items||$35.00|
|Stop Payment for Check or ACH||$35.00|
|3rd Party Check||$2.00|
|Check Cashing for Non-member||$5.00|
|Void a Check or Money Order||$5.00|
|Copy of a Check||$5.00|
|Bureau of Support Remittance||$5.00|
|Replace MasterCard Debit Card||$5.00|
|MasterCard Debit Card PIN Change||$5.00|
|Returned Check Deposit||$10.00|
|Early close of Christmas Club||$20.00|
|Dormant Account (No Activity for 12 months and balance under $100)||$3.00 per month|
|Loan Application Fee||$25.00|
|Transfer from Savings after 4 per month||$35.00 each transfer|
|EZ Cash Loan Application Fee||$20.00|
|Research||$20.00 per hour|