Question 1

What is Harvest Federal Credit Union?

Accepted Answer

Harvest Federal Credit Union (Harvest FCU) is an occupationally chartered federal credit union headquartered in Heath, Ohio. Serving Licking County and surrounding areas, the credit union specializes in providing financial services to employees of affiliated Select Employer Groups and their immediate family members.

With approximately $41 million in total assets and over 2,200 members, Harvest FCU operates as a community-focused financial cooperative. The credit union is committed to serving local workers and businesses throughout the region as a member-owned, not-for-profit financial institution.

Question 2

When was Harvest Federal Credit Union founded?

Accepted Answer

Harvest Federal Credit Union was founded in 1970 by local employees of Rockwell International, now known as Arvin-Meritor. The credit union was established to serve the workers of Licking County, with its roots in the automotive and manufacturing industries.

The credit union's first office was located in the United Auto Workers union hall in a modest space measuring just 5 by 8 square feet. In 1979, Harvest FCU moved into its own building off Licking View Drive in Heath. The facility was expanded in 1991 and again in 2004 to accommodate the credit union's growth and expanding membership base.

Question 3

Where is Harvest Federal Credit Union headquartered?

Accepted Answer

Harvest Federal Credit Union is headquartered at 34 Licking View Drive in Heath, Ohio. The mailing address is P.O. Box 2216, Heath, OH 43056.

Question 4

Where does Harvest Federal Credit Union operate?

Accepted Answer

Harvest FCU primarily operates in Licking County, Ohio, serving the Heath and Newark areas. The credit union maintains an occupational charter, meaning membership is restricted to employees of affiliated companies and organizations, along with their immediate family members.

The credit union serves numerous area employers throughout Licking County, ranging from large manufacturers like Arvin-Meritor and Hendrickson International to small local businesses, healthcare facilities, municipalities, and religious organizations. Membership eligibility extends to employees of over 100 Select Employer Groups, including Licking County government employees, the City of Heath, and various townships within the county.

Question 5

What services does Harvest Federal Credit Union offer?

Accepted Answer

Harvest Federal Credit Union provides a comprehensive range of financial services to its members:

Deposit Accounts: Share savings accounts, checking accounts, and certificate accounts with competitive rates.

Lending Services: New and used auto loans, fixed-rate home equity loans, mortgage loans, signature loans, credit cards with fixed rates, and extended vehicle warranty programs through Route 66.

Digital Banking: Online banking platform accessible through web browsers, mobile banking app available on iOS and Android devices, mobile check deposit (remote deposit capture), bill pay services, account transfers, and mobile alerts for account monitoring.

Payment Services: Real-time payments (instant transfers), Visa debit cards, Visa credit cards, and access to nationwide surcharge-free ATM networks.

Additional Services: Financial calculators, loan applications available online, direct deposit services, and scholarship programs for post-secondary education.

The credit union emphasizes convenience with tools like Mint.com integration and Quickbooks compatibility for personal financial management.

Question 6

What makes Harvest Federal Credit Union unique?

Accepted Answer

Harvest Federal Credit Union distinguishes itself through its deep roots in the Licking County manufacturing and employment community. Founded by auto workers over 50 years ago, the credit union maintains a strong commitment to serving local employees as a workplace benefit.

Occupational Charter Focus: Unlike many credit unions that have expanded to community charters, Harvest FCU maintains its occupational charter, creating an exclusive membership environment focused on specific employer groups. Employers can offer Harvest FCU membership as a free employee benefit at no cost to the organization.

Local Community Commitment: The credit union provides scholarships for members pursuing post-secondary education and maintains strong ties to Licking County organizations, churches, and municipalities.

Personalized Service: As a smaller credit union with approximately 2,200 members, Harvest FCU offers personalized member service and maintains close relationships with the employers and communities it serves.

Member-Owned Cooperative: Operating on credit union principles of "people helping people," Harvest FCU returns profits to members through competitive rates, lower fees, and enhanced services rather than maximizing profits for external shareholders.

Question 7

What type of financial institution is Harvest Federal Credit Union?

Accepted Answer

Harvest Federal Credit Union is a federal credit union chartered by the National Credit Union Administration (NCUA) and regulated under federal law. The credit union operates with Charter Number 20302 and is insured by the National Credit Union Share Insurance Fund (NCUSIF).

As a federal credit union, Harvest FCU operates under an occupational charter, restricting membership to employees of affiliated Select Employer Groups and their immediate family members. This cooperative structure means each member is a part-owner of the institution, with democratic governance through an elected board of directors.

Membership requires association with one of the credit union's affiliated employers or being an immediate family member of an existing member. Employers can easily join the credit union's Select Employer Group network at no cost by submitting a simple request letter, making membership available to their employees as a workplace benefit.

Harvest Federal Credit Union (Harvest FCU)

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About Harvest Federal Credit Union (Harvest FCU) in the United States