Like all credit unions, we
are a non-profit corporation which is owned and operated by its members, who are united through a common
bond.
Our Common
Bond: We serve the employees (and family members) of:
Albany Cardiothoracic Surgeons Albany Medical College *Albany Medical Center Hospital
Albany Regional Cancer Center Bellevue Hospital- The Woman's Hospital
*Ellis Hospital
Mercy Care Corporation
*St. Peter's Hospital Schenectady Family Health Service Sunnyview Hospital; and, United Cerebral Palsy of Schenectady Women's Medical Health Care.
*denotes branch office
locations
The office hours are: Monday - Friday -- 8:30am to
3:30pm.
Organizational Structure: The members elect a board of directors to manage
the organization. It is the board's responsibility to
develop programs and policies that conform to the needs
of the members -- while still protecting the safety and
soundness of the organization.
The board hires a CEO\Manager to run the day-to-day
operations of the credit union.
It is the CEO's responsibility to ensure that all
employees: - properly serve our members; - implement board policies; - comply with all federal and state
laws/regulations; - and insure that the credit union operates in a
safe and sound manner.
The board appoints one or more loan officers for each
branch. It is the loan officers responsibility to
review all loan applications and to approve or
disapprove each loan in accordance with established
lending guidelines. These guidelines are established by
the board of directors and the NCUA. Their objective is
find a balance between the needs of the borrower and the
needs of the saving member (protection from the risk of
loss due to loan default).
The board also appoints a supervisory committee. It is
their responsibility to insure that all facets of
operations are being performed in the proper manner
through comprehensive annual audits. Every two years,
they must also perform a verification of each member's account.
Federal credit unions, like ours, are members of a
nationwide system which was established by the Federal
Credit Union Act of 1934. We are chartered and
supervised by the National Credit Union Administration (NCUA).
The NCUA also performs annual inspections in order to
insure full compliance with all federal laws and
regulations.
As a federal credit union, each members savings is
insured up to $100,000.00 by the NCUA.
Your savings federally insured to at least
$100,000
And backed by the full faith and credit of the
United States Government
