About Archer Credit Union

About Archer Credit Union

Mission

Archer Credit Union is dedicated to our members and communities by helping them achieve financial success.

Vision Statement

Grow relationships and create advocates through caring, meaningful service.

Heart

Means being Member-Focused, supporting our Communities, being Genuine and Dependable all while providing a Secure relationship based on trust.

Member Focused

Everything we do begins with our members. Archer Credit Union exists to ensure that memebrs are provided with the financial information, products and expertise needed to make appropriate decisions about managing their financial resources through every stage of life. We work to develop close, personal relationships with our members.

Community

Local economies require the support of local financial resources. When our communities thrive: our members, neighbors, friends and local business owners also thrive. We are dedicated to serving our communities and look forward to enjoying local prosperity and economic strength with our members. We all benefit from community success.

Genuine

Archer is an original, authentic, one-of-a-kind financial service provider. We value our close connections with members and our ability to deliver flexible and personalized solutions inside every member relationship. Taking time to understand our members' goals and needs helps us build relationships that last a lifetime.

Dependable

Putting members first, meeting deadlines, proactively offering assistance, sharing financial experiences and doing what we say we will do, are all part of being an employee and organization that you can count on.

Secure

Maintaining financial strength is a foundation to every decision we make. Our actions are driven by a desire to provide members with the financial security they deserve and trust.

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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.