VISION FEDERAL CREDIT UNION

Posted by seopeople on June 17th, 2011

Visions Federal Credit Union is happy to offer trustworthy, estate planning and investment management services. Visions Estate and Trust Services is designed to be your advisor with: local sponsorship, top tier management and dedication to service excellence.        

DCU was chartered in 1979 for employees of Digital Equipment Corporation. Its field of membership is open to essentially everyone.

DCU offers services like savings accounts, checking accounts, IRA accounts, and certificates of deposit. In addition, DCU offers members consumer, business and auto loans, credit cards, mortgages, home equity lines of credit, investment services, brokerage services and insurance services.

DCU provides online account access and bill paying through their PC Branch service..

VISION:

DCU has adopted a vision statement that “all members achieve their goals".

BENEFITS:

DCU's more traditional employee benefits include paid annual and sick leave, medical and dental benefits, short-term and long-term disability coverage, life insurance, and tenure awards..

SOCIAL RESPONSIBILITY:

As a socially responsible organization, DCU is committed in partnering with other organizations that make a rehabilitation in the communities they serve.

Organizations that have benefited from DCU include:

Credit union

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting and providing credit at competitive rates, and providing other financial services to its members. Many credit unions exist to further community development[

The World Council of Credit Unions (WOCCU) defines credit unions as "not-for-profit cooperative institutions”. In practice however, legal arrangements vary by jurisdiction.

In the microfinance context, Credit unions provide a broader range of loan and savings at a much cheaper expense compared to most microfinance institutions"

The Woman's Educational and Industrial Union credited with many social service initiatives, heard of this cooperative financial model and wrote to DesJardins. He provided them with the data they needed, and on November 23, 1910, they created Industrial Credit Union, the first non-faith-based or community credit union

In the same year, Congress passed the Federal Credit Union Act, which permitted credit unions to be organized anywhere in the United States. The legislation allowed credit unions to incorporate under either state or federal law, a system of dual chartering that exists today.

United States

U.S. credit unions can be chartered by either the federal government or federal credit unions or by a state.

As of April 2010, the largest American credit union was Navy Federal Credit Union, that serves U.S. Department of Defense employees, contractors, and families of service people, with nearly $40.7 billion USD in assets and over 3.4 million members,

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