Play Now

Graceline Community

How Do You Own a Credit Union?

A credit union is a community made up of members with common interests. The National Credit Union Association defines it as a member-owned and controlled, not-for-profit, cooperative financial institution formed to permit groups of persons to save, borrow, and obtain financial services and to participate in its management. Member ownership and control are what make credit unions unique.


Backed by the full faith and credit of the U.S. government, the National Credit Union Association (NCUA) insures savings of members and eligible non-members to at least $250,000 in all federal credit unions and many state-chartered credit unions. All credit unions must be chartered by the NCUA.
Membership is limited to a group, or multiple groups, each defined in the credit union’s charter, each of which have a common bond of occupation or association or is located within a well-defined neighborhood, community, or rural district.


Gracelinecommunity.org the planners of the future Graceline Community Federal Credit Union (GCFCU) is proud to announce our common bond will be with Community Wide Shura Conference based out of Tampa Florida. CWSC is the parent company of AM Radio 360. As CWSC has a national presence this will allow people from across the country to open an account and become owners in the credit union. 


Get gifts for becoming a founding member. Show your support for the future credit union just hit the donate button on this newsletter or on our website, Gracelinecommunity.org


Hit the subscribe button and keep reading our newsletters. 


Stay tuned in to radio 360 for more information about the future credit union and the chartering process. Questions or comments email us at info@gracelinecommunity.org.


We are excited and hope that it rubs off on you!

Copyright 2021 Graceline Community, Inc.

0
    0
    Your Cart
    Your cart is emptyReturn to Shop