Question 1

What is Brockport Federal Credit Union (Brockport FCU)?

Accepted Answer

Brockport Federal Credit Union (Brockport FCU) is a multiple common bond federal credit union headquartered in Brockport, New York. With approximately $14.5 million in assets and serving over 1,200 members, Brockport FCU operates as a community-focused financial cooperative. The credit union maintains a low-income designation, reflecting its commitment to serving underserved populations in the greater Brockport area.

As a member-owned financial institution, Brockport FCU provides personalized banking services to various employee groups, church congregations, and associational members throughout Monroe County.

Question 2

When was Brockport Federal Credit Union (Brockport FCU) founded?

Accepted Answer

Brockport Federal Credit Union was chartered in 1970 as a multiple group credit union. The credit union was established to serve approximately 15 different employee, church, and associational groups in the Brockport community.

Over its history, the credit union has expanded its field of membership to include additional groups, including notably adding members of the Civil Service Employees Association Local 601 at SUNY Brockport in 1994. This expansion demonstrated the credit union's commitment to serving state employees and other community members in proximity to its headquarters, which is located just one mile from the SUNY Brockport campus.

Question 3

Where is Brockport Federal Credit Union (Brockport FCU) headquartered?

Accepted Answer

Brockport Federal Credit Union is headquartered at 400 West Avenue in Brockport, New York. The village of Brockport is located in Monroe County, positioned between Rochester and Lake Ontario in western New York.

The credit union's location places it in close proximity to the State University of New York at Brockport (SUNY Brockport), serving the educational community and surrounding area residents.

Question 4

Where does Brockport Federal Credit Union (Brockport FCU) operate?

Accepted Answer

Brockport Federal Credit Union operates primarily in the Brockport area of Monroe County, New York. As a multiple common bond federal credit union, membership is limited to individuals who belong to specific groups within the credit union's field of membership.

The credit union serves approximately 15 different employee groups, church congregations, and associational organizations. This includes state employees working at SUNY Brockport through the Civil Service Employees Association Local 601, as well as various other local employers and community organizations.

Immediate family members and household members of existing members are also eligible to join the credit union.

Question 5

What services does Brockport Federal Credit Union (Brockport FCU) offer?

Accepted Answer

Brockport Federal Credit Union offers a comprehensive range of financial products and services, including:

Deposit Accounts: Share (savings) accounts and checking accounts to help members manage their daily finances and build savings.

Lending Products: Consumer loans, including auto loans, personal loans, and credit cards to meet various borrowing needs. The credit union maintains a loan-to-share ratio of approximately 55%, indicating balanced lending practices.

Credit Cards: Visa credit cards with the uChoose Rewards program, allowing members to earn rewards on their purchases.

Digital Banking Services: Online account access and digital banking tools to provide convenient 24/7 account management. Members can access free ATM networks for convenient cash withdrawals.

Extended Access: The credit union offers extended lobby hours including Saturday morning service (9 a.m. to 1 p.m.) and Friday evening hours until 6 p.m., providing flexibility for working members.

Question 6

What makes Brockport Federal Credit Union (Brockport FCU) unique?

Accepted Answer

Community and Campus Connection: Brockport FCU has a distinctive connection to SUNY Brockport and local state employees, with its office located just one mile from the campus. This proximity allows the credit union to serve the educational community effectively.

Multiple Common Bond Structure: The credit union serves approximately 15 different employee, church, and associational groups, creating a diverse membership base united by their connection to the Brockport community.

Low-Income Designation: Brockport FCU holds an NCUA low-income designation, which enables the credit union to access special programs and grants designed to better serve underserved communities. This designation reflects the credit union's mission to provide financial services to those who may have limited access to traditional banking.

Personalized Service: As a smaller credit union with just over 1,200 members, Brockport FCU can offer highly personalized service and maintain close relationships with its member-owners.

Question 7

What type of financial institution is Brockport Federal Credit Union (Brockport FCU)?

Accepted Answer

Brockport Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As indicated by its charter number 20013, it operates under federal oversight and federal credit union regulations.

The credit union operates as a multiple common bond credit union, meaning membership is limited to individuals who belong to one of the specific groups listed in its field of membership charter. These groups include various employee groups, church members, and associational organizations in the Brockport area.

As a member-owned cooperative, Brockport FCU is governed democratically by its members, with each member having an equal vote regardless of account balance. Profits are returned to members through competitive rates, lower fees, and enhanced services rather than being distributed to outside shareholders.

Brockport Federal Credit Union (Brockport FCU)

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