Offer Credit Union Membership
to Your Employees

Welcome to the Choice One Community Federal Credit Union SG Advantage Information Center. We've designed these pages to help you learn more about credit union membership, and to show you how easy it is to add Choice One Community Federal Credit Union to your benefits package.

Companies and organizations within Luzerne, Lackawanna, and Wyoming Counties are eligible to join our financial family. Better yet, there are no fees to become a Select Group, and no cost to become a credit union member.

Don't miss this unique opportunity! Take a look at what we have to offer. If you have any questions, call Sue Bat, Director of Marketing and Business Development, at 570-823-7676 ext. 221 or 800-610-2788 (prompt #2).

What Is A Credit Union?

The credit union concept originated in Europe in the 1800s. Tired of high interest loans and fees, groups of people with a common bond pooled their money and formed their own cooperative financial institutions.

The concept spread to the United States in the 1900s. Americans with a common bond, such as company or government employees, members of an organization, or people in a community, formed their own not-for-profit, member-owned credit unions. Today, there are over 11,000 credit unions in the United States - with over 74,000,000 members.

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All About Us ... A Longstanding Tradition

Choice One Community Federal Credit Union is a full-service, not-for-profit financial institution with current assets of over 50 million dollars. Choice One Community Federal Credit Union was originally established in 1941 by the employees of the Bell Telephone Company. In 1982 our charter was amended to include other small employee groups (SEG's). We now serve over 200 SEG's. In December 2002, our charter again was amended to include underserved residents in portions of Carbon and Luzerne counties.

Choice One is governed by Volunteers who are elected to the Board of Directors and managed by financial professionals. We are federally regulated by the National Credit Union Administration (NCUA) and federally insured by the National Credit Union Share Insurance Fund (NCUSIF).

We believe that we have been successful for three important reasons. We believe in the credit union philosophy of "people helping people." We are dedicated to providing quality financial products and services to our members. And, we have been able to earn our members' loyalty and support.

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What Are The Benefits?

For Your Company Or Organization
Here's how your company or organization can benefit from credit union membership:

• An outstanding no cost benefit.
• Helps attract and retain quality employees.
• Direct Deposit/Payroll Deduction options.
• Studies show that when employees feel their company cares about their welfare, absenteeism declines and productivity increases.
• It's the third most popular employee benefit after Casual Days and 401(k)s.
• Everyone at your company or organization is eligible for membership. (Immediate family members are also eligible to join.)
• Adds practical value to your benefits package because it can be used regularly.

Once your company or organization becomes a Select Group, your employees individually make the decision to join the credit union. Membership is not mandatory.

There also is no cost to your company or organization to become a Select Group and no cost to your employees to join our credit union. The only requirement to become a credit union member is to open a Share Savings Account and maintain a minimum balance of $5.00.

For Your Employees

We are dedicated to providing our members with a lifetime of convenient financial services - at the lowest possible cost. We offer a full-service menu of savings and investment accounts, money management and convenient money access services, low interest loan products, plus much more! (See below.)

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Financial Products & Services

Choice One is a full-service financial institution. Click on each underlined product/service category to learn more about what we offer!

Savings & Investments

• Regular Share Savings Accounts
  
• Traditional IRA
• Roth IRA
• Coverdell Education Account*
• Holiday Clubs
• Certificates & Other Investments

*Formerly the Education IRA.

Money Management &
Convenience Services

• Share Draft (Checking) Accounts
• VISA Check Cards
• MAC/Plus ATM Cards
• BARB Audio Response System
• Direct Deposit & Payroll Deduction
• Money Orders
• Wire Services
• Overdraft Protection and Sure 2 Pay
• Free Unlimited Virtual Branch
• Free Unlimited Bill Payer

Loans For All Reasons

• New & Used Vehicle Loans
• First Mortgages
• Home Equity Loans
• Share Secured Loans
• Personal (Unsecured) Loans
• VISA Credit Cards
• Debt Consolidation
• Loan Refinancing
• MAPS™ Auto Leasing
• 24/7 Loan By Phone
• Online Loan Application

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Joining Is Easy!

To become a Select Group, you simply prepare a letter on your company or organization letterhead. After we receive your letter, we will contact you to set up the best time to introduce credit union membership to your employees or members. It couldn't be easier.

If you have a question or would like us to help you start the membership process, call Sue Bat, Director of Marketing and Business Development at 570-823-7676 ext. 221 or 800-610-2788 (prompt #2).

If your company or organization has an Internet Web Site that is of value to your employees and you believe it would be of value to our membership, please include your Web Site address with your letter. We may be able to set up a mutually beneficial direct link between your site and ours.

The following information should be included in the letter (see sample).

• Distance you are from our nearest credit union office.
• Number of your employees or organization members eligible for membership
• A clear statement that you are not currently affiliated with another credit union

View the Sample Letter

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For more information, call our Director of Marketing and Business Development, Sue Bat, at 570-823-7676, Ext. 221 - or 800-610-2788 (Prompt #2).