About Credit Unions

Credit Unions are not-for-profit financial cooperatives, owned by the people who save and borrow there. Every saver is a member and every member is an owner, with the right to vote for credit union officers and policies, and the right to become a director. 

Q&As About Credit Unions

Isn't a credit union the same as a bank?

No. A bank is a commercial business established in order to make money from its customers to produce profits for its stockholders. A credit union is a not-for-profit cooperative established to meet the needs of its members. 

Do credit unions pay taxes?

Yes. Credit unions pay a variety of local taxes, service fees and other costs. In addition, credit union members pay personal taxes on the dividends (interest) they receive. In that credit unions do not make profits, they do not have any profits on which to pay taxes.

Are credit unions federally insured?

Yes. All member accounts are federally insured for up to $250,000 by the NCUSIF (National Credit Union Share Insurance Fund).  The fund is regulated by the NCUA (National Credit Union Administration), an agency of the federal government.  Individual Retirement Accounts (IRAs) are insured separately for up to $250,000.

Can anyone join a credit union?

No. One must be a part of a common bond that makes up the field of membership served by a credit union. However, many people qualify for credit union membership through their work, association, or community.

How is a credit union governed?

Members elect a volunteer board of directors, which sets the policies of the credit union. The credit union holds an annual membership meeting each year and each adult member, regardless of how much money he or she may have in the credit union, has one voice.   

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Main Office
1306 Murdoch Ave.
Parkersburg, WV 26101

South Parkersburg Office
809 Division St.
Parkersburg, WV 26101

Vienna Office
1701 Grand Central Ave.
Vienna, WV 26105
Lobby Hours:
Mon-Thu: 8:30am-4:30pm
Fri: 8:30am-5:30pm

Drive-Through Hours:
Mon-Fri: 7:30am-6:00pm
Sat: 8:00am-12:00noon


Lost or Stolen Cards:
Use these numbers to report lost
or stolen cards after hours:

Debit Card #: (800) 554-8969
VISA #: (800) 558-3424

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