About Archer Credit Union

About Archer Credit Union

Mission

Archer Credit Union is committed to being Central Nebraska’s trusted community financial partner providing quality products and services that help our members meet their financial goals.

History

The “roots” of Archer Cooperative Credit Union date back to 1906 when the Citizens State Bank of Archer was chartered at Archer, Nebraska. In 1934, the bank was rechartered to a Agricultural Cooperative Credit Association. After 50 years of service to the community, we recharterd as a credit union to gain Federal deposit insurance. Our history now spans over 100 years of financial service to residents, farms and businesses in Central Nebraska. Join Archer Cooperative Credit Union and become a part of our history!

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 addition to a superior banking experience, being a member at Archer Credit Union means you can keep more of your hard-earned money. As a not-for-profit, earnings go right back to you through meaningful ways like lower interest rates on loans, higher returns on savings, and more services.

At Archer Credit Union, we value people first. We will earn your trust and, more importantly, work hard to keep it. Thank you for allowing us to serve as your trusted financial partner.

 

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What is a Credit Union?
What is a Credit Union?

Credit unions are not-for-profit financial cooperatives serving members who share something in common-employment, association membership, or residence in a particular geographic area. More than 96 million U.S. consumers are member-owners of, and receive all or part of their financial services from, the nation’s 7,165 credit unions.

Philosophy & Structure

Credit unions are democratically owned and controlled institutions based on ‘people helping people’ principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.

 

Safety & Soundness
Safety & Soundness

Archer Credit Union is regulated by the National Credit Union Administration and insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the United States government.  The NCUA oversees the safety and soundness of all credit unions.  The NCUA also makes financial information about credit unions available to the public through Financial Performance Reports (FPRs).

Archer Credit Union offers a safe place for you to save your money, with deposits insured up to $250,000 per individual depositor.  Because we are a not-for-profit financial institution, our focus is serving the financial needs of our members rather than maximizing profits.  Credit union performance is at a historically high level and currently, credit union capital nationwide is strong.

Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. While Archer Credit Union serves the needs of our members and promotes financial literacy within the communities we serve, the NCUA works to reinforce our efforts, raise consumer awareness and increase access to services.

Regulation & Supervision
Regulation & Supervision

Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA’s three board members are nominated by the President and confirmed by the Senate.

State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund,NCUSIF, which covers all federal credit unions, and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions. Archer Cooperative Credit Union is a state chartered credit union.

Legislative Update

When legislation or bankers’ lawsuits attack any credit union, it’s an attack on all credit unions. Your Credit Union proudly protects members’ right to join and participate in their not-for-profit financial cooperative.