Question 1

What is Shuford Federal Credit Union (Shuford FCU)?

Accepted Answer

Shuford Federal Credit Union is a community-focused federal credit union serving residents of western North Carolina. With approximately $35.6 million in assets and over 4,400 members, Shuford FCU provides a full range of financial products and services to individuals living, working, or worshipping in Catawba, Burke, Caldwell, and Alexander counties. As a member-owned, non-profit financial cooperative, the credit union operates under the principle that members are the heart of the organization.

The credit union maintains two convenient locations to serve its membership base across the region.

Question 2

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

Accepted Answer

Shuford Federal Credit Union was founded on August 27, 1967. The credit union was established to provide accessible, member-focused financial services to its community in the Hickory, North Carolina area. Since its founding, the credit union has operated as a non-profit financial cooperative owned by its members.

Throughout its history, Shuford FCU has maintained its commitment to serving members' financial needs with a personal touch and competitive rates.

Question 3

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

Accepted Answer

Shuford Federal Credit Union is headquartered at 882 16th Street NE in Hickory, North Carolina 28601. The headquarters location serves as the main branch for members in the Hickory area.

Members can reach the credit union by phone at (828) 568-1234 or by fax at (828) 568-1235.

Question 4

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

Accepted Answer

Shuford Federal Credit Union operates in western North Carolina with two branch locations. The main office is located in Hickory, while a second branch serves members in Granite Falls at 12 Falls Ave, Granite Falls NC 28630.

The credit union's field of membership includes anyone who lives, works, or worships in Catawba, Burke, Caldwell, or Alexander counties. Membership is also open to immediate family members of current members. This community charter allows Shuford FCU to serve a potential membership base of over 367,000 individuals across these four counties.

Question 5

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

Accepted Answer

Shuford Federal Credit Union offers a comprehensive suite of financial products and services to meet member needs:

Deposit Accounts: Share accounts (savings), checking accounts, share certificates, money market accounts, Christmas club accounts, and vacation club accounts.

Lending Services: New and pre-owned automobile loans, home equity loans, recreational vehicle loans, overdraft protection, share secured loans, and personal loans. The credit union maintains a strong loan-to-share ratio of 99%, demonstrating active lending to members.

Card Services: VISA credit cards with low fixed rates, debit cards with 24/7 fraud monitoring, and comprehensive card management features.

Digital Banking: Mobile banking app available for iOS and Android devices with features including mobile deposit, fund transfers, balance checking, and account management. Online banking platform with bill pay, account alerts, and electronic fund transfers.

Additional Services: Direct deposit, payroll deduction, automated clearing house (ACH) services, free notary services for members, ATM access through a shared network, and personal financial planning resources including calculators for retirement, loans, budgeting, and college savings.

Question 6

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

Accepted Answer

Shuford Federal Credit Union distinguishes itself through its strong community focus and member-centric approach. As a member-owned cooperative, the credit union emphasizes that it treats members' money "like it's your money," reflecting a fundamental difference from traditional shareholder-driven banks.

The credit union maintains an impressive financial performance with a return on average assets of 1.50% and a healthy net worth ratio of 13.01%. With consistent growth in assets (5.96%), loans (12.81%), and deposits (8.00%) over the past year, Shuford FCU demonstrates strong financial stability.

The credit union operates with a lean, efficient team of 8 full-time employees and 1 part-time employee, allowing for personalized service and building lasting relationships with members. Shuford FCU is governed by a volunteer, member-elected board of directors who serve without compensation, ensuring member interests remain the top priority.

The credit union even features a credit union mascot named Karlie, adding a personal and friendly touch to the member experience.

Question 7

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

Accepted Answer

Shuford Federal Credit Union is a federal credit union, meaning it operates under a federal charter granted by the National Credit Union Administration (NCUA), an agency of the U.S. Government. The credit union is federally insured by the NCUA, providing members with deposit insurance up to $250,000.

As a community credit union, membership is available to individuals who live, work, or worship in the four-county service area of Catawba, Burke, Caldwell, and Alexander counties in North Carolina. The credit union also extends membership to immediate family members of current members.

The cooperative structure means that members are both customers and owners, with each member having an equal vote in electing the board of directors regardless of account balance. This democratic governance model ensures the credit union operates in the best interests of its membership rather than external shareholders.

Shuford Federal Credit Union (Shuford FCU)

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