What is a Credit Union?

Many people save their money in a credit union. These people usually have something in common, such as their place of work.

You and other members put your money into savings accounts which are called share accounts. This money is then given to other members as a loan, these members will pay an extra amount of money called interest. Then you and the other members will get paid extra money from the credit union for letting it use your money. The extra money that you will earn in your share account is called dividends.

The credit union's main purpose is to give member owners the best banking services. Tucoemas Federal Credit Union thinks that it has chosen a not so impossible mission.

Who can become a member of Tucoemas Federal Credit Union?

Tucoemas Federal Credit Union's banking services are available to those having the following common bond:

Persons who live, work, worship, or attend school in, and businesses and other legal entities located within Tulare County, California;

Members of record of Tucoemas Federal Credit Union as of the effective date of the approval of its community charter on April 19, 2001;

Spouses of persons who died while within the field of membership of this credit union; employees of the credit union; members of their immediate families or households; and organizations of such persons.

Immediate family is defined as spouses, children/stepchildren/adopted, siblings/stepsiblings, parents/stepparents, grandparents or grandchildren.

Household members are defined as those individuals living in the same residence and who maintain a single economic unit. This definition includes any person who is a permanent member and participates in the maintenance of the household - such as a domestic partner or a nanny.

"Once you are a Member, you are always a Member."