It’s our 81st Anniversary! Established in 1937, Acme Continental Credit Union has a long history of successful operations. The credit union is chartered by the State of Illinois and all accounts are insured to $250,000 by an agency of the U.S. government, the National Credit Union Administration.
The goal of the credit union is to provide service to its depositors… known to the credit union as members. The concept of shared ownership makes the credit union unique and is the reason credit union accounts are called “shares”. We believe in the foundation of the credit union industry….”PEOPLE HELPING PEOPLE”
What is a Credit Union?
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.
Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated and operated in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.
What makes a credit union different from a bank or savings & loan? Profits from banks and Savings & Loans are returned to the stockholders of the bank. Credit Unions return their profits back to their members in the form of higher paying dividends or lower lending rates.
BENEFITS OF MEMBERSHIP
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, more than 67 million Americans trust that their credit union will provide the services to improve their financial well being.
The benefits of belonging to our credit union are our low loan rates, competitive interest bearing account rates, while providing superior service. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. And credit unions continually score higher than all other financial institutions in consumer satisfaction surveys.
Credit unions strive to deliver the best service possible to their most important asset – their members.
Information We Collect About You: We collect nonpublic personal information about you from the following sources: • Information we receive from you on applications and other forms. • Information we receive from a consumer reporting agency • Driver’s license or state I.D. We may disclose all of the information we collect, as described above, as permitted by law.
Parties Who Receive Information From Us: We may disclose nonpublic personal information about you to the following types of third parties: • Financial Service Providers, such as insurance companies • Non-financial companies, such as consumer reporting agencies, data processors, check/share draft printers, plastic card processors, government agencies, and CPA’s.
Disclosure of Information to Parties That Provide Services to Us: In order for us to conduct the business of the credit union, we may disclose all of the information we collect, as described above, to companies that perform other services on our behalf so that we may provide members competitive products and services. We may also disclose nonpublic personal information about you under circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records. To protect our members’ privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the information we provide to other third parties.
Disclosure of Information About Former Members: If you terminate your membership with Acme Continental Credit Union, we will not share information we have collected about you, except as may be permitted or required by law.
How We Protect Your Information: We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, or procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
What Members Can Do to Help: Acme Continental Credit Union is committed to protecting the privacy of its members. Members can help by following these simple guidelines: • Protect your account numbers, plastic card numbers, PIN’s (personal identification numbers) or passwords. Never keep your PIN with your card, which can provide free access to your accounts if your card is lost or stolen. • Use caution when disclosing your account numbers, social security numbers, etc. to other persons. If someone calls you explaining the call is on behalf of the credit union and asks for your account number, you should beware. Official credit union staff will have access to your information and will not need to ask for it. • Keep your information with us current. If your address or phone number changes, please let us know. It is important that we have current information on how to reach you. If we detect potentially fraudulent or unauthorized activity or use of an account, we will attempt to contact you immediately. • Let us know if you have questions. Please do not hesitate to call us – we are here to serve you!
Federally insured by NCUA