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The mission
of the Sisters of Charity Hospital Employees Federal Credit
Union in Buffalo, New York is primarily to:
Provide
membership in the Credit Union voluntarily. The credit union is
open to all within our accepted common bond of association that
can make use of our services and are willing to corresponding
responsibilities.
Each Credit
Union member is entitled to an equal right to vote (one member,
one vote) and can participate in the decisions affecting the
Credit Union without regard to the amount of savings or their
volume of business.
The Credit
Union is non-discriminatory in relation to race, nationality,
sex or politics.
The Credit
Union services are directed to improve the economic and social
well being of all members.
The Credit
Union encourage thrift through savings and thus to provide
loans and other financial services. A fair rate of interest is paid on
deposits within the capability of the Credit Union.
The surplus
arising out of the Credit Union, after ensuring appropriate
reserves levels and after payment of limited dividends on
permanent equity where capital exists, belongs to and benefits
all members. This surplus may be distributed among members
in proportion to their transactions in the Credit Union as
dividends or directed to improve or provide additional services
required by the members.
A prime
concern of the Credit Union is to build the financial strength
including adequate reserves and internal controls that will
ensure continued service to membership.
Sisters Hospital Employees FCU is federally
insured by the National Credit Union Administration |
