Attention Members :   Mobile Banking Deposit Reminder

When making a mobile deposit login to mobile banking from your phone, choose deposits from the menu, select new deposit, choose the checking account and enter the dollar amount. When endorsing the check on the back you need your account number, sign the check and the words "FOR FCU MOBILE DEPOSIT ONLY and check the box next to the text that says mobile deposit only in order to receive credit for the deposit. Deposits must be made by 2:45 p.m. to receive same day credit. Holidays and weekends credit will be given the following business day.

 

Advantages / Benefits of Credit Unions

Many people are familiar with both credit unions and banks, but really don’t know how they differ from each other. Credit unions, unlike banks, are member-owned, not-for-profit cooperatives. They exist to serve the needs of their members and offer the same types of products and financial services you would find at a bank.

Member vs. Customer

  • At Credit Unions, you’re a member, not just a customer. One of the benefits of a credit union is that each member is also a part-owner. Regardless of how much money you have on deposit, each member has one vote in electing board members for the organization.
  • At banks you are simply a customer. Bank’s customers have no ownership interest in their bank and are not able to elect their board members.

Not-For-Profit vs. For-Profit

  • With Banks, being for-profit corporations, their earnings are paid to stockholders.
  • With Credit Unions, being not-for-profit, earnings are paid back to members (via higher savings rates and lower loan rates).
    • Because of this, you’ll often get better rates on loans and typically earn more on deposits
    • You’ll typically pay lower fees as the credit union passes on savings to members.
  • Better customer service is common. Credit unions typically provide superb customer service because they tend to be smaller organizations than banks, and often know their members by name.

Board Members

  • Credit unions’ board members are comprised of volunteers that are members of the credit union and are elected by the membership.
  • Banks’ board members are paid, may not be a customer of the bank, and are elected by stockholders.

Ready to open an account today?

Call Us Today at 317-636-5581 to get started.

CONTACT FCU
HOURS OF OPERATION
  • Monday: 8:30 a.m. - 4:30 p.m.
  • Tuesday: 8:30 a.m. - 4:30 p.m.
  • Wednesday: 9:30 a.m. - 4:30 p.m.
  • Thursday: 8:30 a.m. - 4:30 p.m.
  • Friday: 8:30 a.m. - 5:00 p.m.
  • Saturday and Sunday: Closed

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FCU ROUTING NUMBER: 274073928

OUR LOCATION

726 Massachusetts Ave. Indianapolis, IN 46204