What is a Credit Union?
Credit Unions are not-for-profit financial cooperatives owned by their members. Every person with a savings account at the Credit Union is a member. Each member has the right to vote on policies affecting the Credit Union, or may become an officer. Every member has one vote, regardless of the amount deposited into their savings account. The money deposited into a savings account is called “shares,” and the earnings on these shares are called “dividends.”
Who We Are
Area Community Credit Union is proud to be an open credit union that serves Grand Forks, ND and surrounding communities. Membership includes individuals who reside in or are employed within a 50-mile radius of Grand Forks, ND. As a member of Area Community Credit Union, you have access to all of the products and services offered, including very competitive loan rates and terms and excellent service. The minimum balance to establish membership in a share (savings) account is only $5. Our staff is not paid on commission or production bonuses, and will never push a product that doesn’t make sense for you. As a not-for-profit organization, we act in your best interest and use a “common sense” approach to lending. This gives you an honest and flexible partner for meeting your financial goals.
How We Got Started
Area Community Credit Union was originally called the Grand Forks Public Schools Credit Union. It was a small SEG based credit union established in 1958 to serve school employees and their families. In 1994, the credit union merged with the Grand Forks Herald Credit Union to become a community charter, serving a 50-mile radius of Grand Forks. At that time, it moved to the current location at 2800 S. Washington Street. Today, the credit union serves over 2000 members and holds over $25 million in assets.
What Makes Area Community Credit Union Different?
- Personalized, friendly service. You are a person and not just an account number.
- No loan application fees.
- Highly competitive loan rates.
- A flexible, common sense approach to lending.
- A quick and streamlined loan process that makes it easy to get a loan fast!
- High dividends on savings accounts. Ask about certificate of deposit (CD) accounts for excellent return rates.
- Staff that goes the extra mile.
- Convenient hours of service: Open Monday – Friday Drive-thru 8:00 am – 5:30 pm, Lobby 9:00 am – 5 pm.