Question 1

What is Corner Post FCU?

Accepted Answer

Corner Post FCU is a community-focused federal credit union headquartered in Wilkes-Barre, Pennsylvania. With approximately $95 million in assets and over 5,300 members, the credit union serves postal employees across multiple Pennsylvania counties and nearly 70 select employer groups. Originally established to serve post office workers, Corner Post FCU has evolved into a full-service financial institution offering a comprehensive range of banking products and services to its member-owners.

Question 2

When was Corner Post FCU founded?

Accepted Answer

Corner Post FCU was founded on March 7, 1936, as the Wilkes-Barre Federal Credit Union. The credit union was originally established to serve employees of the Wilkes-Barre Post Office and other Luzerne County Post Offices during the Great Depression era when postal workers needed access to affordable financial services. In 1970, the credit union opened its first office on a part-time basis, and by 1971, it reached its first major milestone of $1 million in assets while serving approximately 5,400 members.

The credit union transformed from what it describes as a "plain vanilla" institution offering only basic shares, savings, Christmas Clubs, and small loans of $10,000 or less into a full-service financial cooperative.

Question 3

Where is Corner Post FCU headquartered?

Accepted Answer

Corner Post FCU is headquartered at 566 South Main Street in Wilkes-Barre, Pennsylvania. This central location in Luzerne County has served as the credit union's main office as it has grown from a small postal employee cooperative into a community financial institution.

Question 4

Where does Corner Post FCU operate?

Accepted Answer

Corner Post FCU operates primarily in northeastern Pennsylvania. The credit union's field of membership includes postal employees working in Bradford, Carbon, Luzerne, Monroe, Sullivan, Potter, Tioga, and Wyoming counties. Additionally, membership is open to anyone who lives, works, worships, or attends school in Wilkes-Barre and select surrounding communities.

The credit union also extends membership to employees of nearly 70 select employer groups throughout the region, along with their immediate family members and household members. Once someone becomes a member, they retain membership for life regardless of employment changes, relocation, or retirement.

Question 5

What services does Corner Post FCU offer?

Accepted Answer

Corner Post FCU offers a full suite of financial services to its members. Deposit accounts include share savings accounts (with a $5 minimum to establish membership), checking accounts, and Individual Retirement Accounts (IRAs).

Lending products include auto loans up to $75,000, unsecured personal loans, secured loans, student loans through PHEAA, home equity loans up to $100,000, and second mortgages. The credit union provides quick loan approvals, typically within 24 hours or less.

Digital banking services are available through the Corner Post FCU mobile app (available on iOS and Android) and online banking platform. The mobile app features mobile check deposit, account transfers, balance viewing, bill pay, statement access, and biometric authentication including facial recognition and fingerprint login. Members also have access to Visa debit cards with card management features.

The credit union operates the Dollar Dog Kids Club, a free financial literacy program designed to teach children money management skills using kid-friendly tools and resources.

Question 6

What makes Corner Post FCU unique?

Accepted Answer

Corner Post FCU distinguishes itself through its strong emphasis on personal relationships and community banking. The credit union prides itself on knowing members on a first-name basis and understanding their individual financial stories. This personalized approach creates a family-oriented atmosphere where members receive individualized attention rather than being treated as account numbers.

The credit union's roots in serving postal employees give it a unique niche focus, though it has successfully expanded to include select employer groups while maintaining its community-oriented values. With assets of approximately $95 million and a 16.88% net worth ratio, Corner Post FCU maintains strong financial stability while remaining small enough to provide personalized service.

The Dollar Dog Kids Club demonstrates the credit union's commitment to financial education and building long-term relationships with member families across generations.

Question 7

What type of financial institution is Corner Post FCU?

Accepted Answer

Corner Post FCU is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal regulations and benefits from federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF), which insures member deposits up to $250,000.

As a cooperative financial institution, Corner Post FCU is member-owned, meaning each member who opens a share savings account becomes a partial owner of the credit union. This cooperative structure allows the credit union to focus on serving member needs rather than generating profits for external shareholders. The credit union is governed by a volunteer Board of Directors composed of nine members who set policy and provide strategic guidance.

Membership requires opening a share savings account with a minimum deposit of $5, which represents the member's ownership stake in the cooperative. The credit union operates as a not-for-profit organization, returning earnings to members through competitive rates, lower fees, and enhanced services.

Corner Post FCU

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About Corner Post FCU in the United States