
What is a Credit Union?
A Credit Union is a not-for-profit, democratically controlled financial institution whose main goal is to satisfy the financial needs of its members. Unlike banks, whose primary purpose is to provide a profit for their shareholders, Credit Unions are "member owned" and operated. A Credit Union is more concerned about doing what is best for its members while at the same time providing unmatched service and value.
This means that excess earnings are returned to the Credit Union members in the form of lower interest rates on loans, higher yields on savings and investment accounts or in the form of new products and services. In short, when you save, borrow and invest with your Credit Union, it directly benefits you.
History
1st Priority FCU is a full-service financial institution serving employees and their family members of the Rochester Institute of Technology. The Credit Union was founded in 1979 by a group of ten individuals, each depositing five dollars. They all shared a vision of fulfilling their financial dreams. This spirit of resourcefulness lives on today. Over 2600 members have currently amassed assets exceeding $7.0 million dollars and still growing.
Membership Eligibility
We appreciate your interest in Membership. You are eligible to join 1st Priority Federal Credit Union if you meet any of the following conditions:
- You live in the Town of Henrietta
- You work in the Town of Henrietta
- You have a family member that meets one of the above conditions
You qualify as a family member if:
- You are related by blood or marriage, living in the same household. Examples would typically include: parent, spouse, sibling, child.
- You are related in the same manner as the above but not necessarily living in the same household. Household is defined as the same residence (address). Examples could include grandparents, parents, siblings, child, stepparent, stepsiblings, etc.
Applying for Membership
Applying for Membership is quick and easy with our online Membership Application.
The application utilizes encryption to ensure the safety of all submitted information.
Completing the application is your first step to enjoying the many benefits of Credit Union membership.
Credit Union Services
In addition to providing savings and checking accounts, and loans, 1st Priority FCU also offers these great services:
Direct Deposit
This service is a convenient way to make deposits and loan payments. You can arrange to have your regular pay, Social Security, retirement and other recurring checks deposited directly into your account. It’s convenient, safe and allows you immediate access to your funds. Routing and Transit #022383530
Payroll Deduction
Save, or make selected payments through Payroll Deduction. When you arrange for this service, money is automatically deducted for these purposes. Contact the Credit Union for complete details and other eligibility information.
Other great services available to Credit Union members...
- Payroll Deduction for Deposits and Loans
- Transfers through CU-Connect and/or Quick Teller
- New Car and Used Car buyers Informal Reports, Including Quotes
- Creditors Life and Disability Insurance
- Fax Transactions
- Discount Travel
- Discounted Entertainment Tickets
- FREE Notary Service
- Accidental Death and Dismemberment Insurance
- Entertainment Books
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