Question 1

What is Lincoln SDA Credit Union?

Accepted Answer

Lincoln SDA Credit Union is a faith-based federal credit union headquartered in Lincoln, Nebraska, serving members of the Seventh-day Adventist Church nationwide. With approximately $10 million in assets and over 1,100 members, this member-owned, not-for-profit financial cooperative specializes in providing affordable financial services exclusively to Seventh-day Adventist church members, students and employees of Adventist colleges, and employees of Adventist hospitals. The credit union operates under the philosophy of "People Helping People" and emphasizes personalized service over physical branch expansion.

Question 2

When was Lincoln SDA Credit Union founded?

Accepted Answer

Lincoln SDA Credit Union was organized on January 19, 1965, by a group of visionary Lincoln Adventist business leaders. Originally established to serve Seventh-day Adventists within the Lincoln, Nebraska area, the credit union was initially located on the campus of Union College in the College View neighborhood.

Over the decades, the credit union has expanded its field of membership multiple times and now serves members across the United States and in some foreign countries. The credit union celebrated its 50th anniversary in 2015, marking a half-century of service to the Seventh-day Adventist community.

Question 3

Where is Lincoln SDA Credit Union headquartered?

Accepted Answer

Lincoln SDA Credit Union is headquartered at 4733 Prescott Avenue in Lincoln, Nebraska. The facility is located in the College View neighborhood, maintaining its connection to the Adventist community in the area.

Question 4

Where does Lincoln SDA Credit Union operate?

Accepted Answer

Lincoln SDA Credit Union operates primarily from its single location in Lincoln, Nebraska, but serves members nationwide. The credit union's field of membership includes any Seventh-day Adventist church member or minor family members of those qualified for membership living anywhere in the United States.

This nationwide reach makes it unique among credit unions, as members do not need to reside in a specific geographic area. Some members are even located in foreign countries, reflecting the credit union's commitment to serving the Seventh-day Adventist community wherever they are.

Question 5

What services does Lincoln SDA Credit Union offer?

Accepted Answer

Lincoln SDA Credit Union offers a comprehensive suite of financial products and services including:

Deposit Accounts: Share accounts (savings), share draft accounts (checking), and share certificates with competitive rates.

Lending Services: Personal loans, auto loans (new and used vehicles), and home mortgage products. In 2010, the credit union partnered with a mortgage lending vendor specializing in credit unions to offer conventional, FHA, and VA loans with fixed or variable rates and terms up to 30 years.

Card Services: Visa debit cards and credit cards with rates ranging from 12.00% to 14.00%, featuring EMV chip technology for enhanced security.

Digital Banking: Member.Net online banking platform, bill pay services, and mobile banking capabilities that allow members to manage their finances from anywhere. These digital services were expanded in 2004 to provide greater convenience to the nationwide membership.

Question 6

What makes Lincoln SDA Credit Union unique?

Accepted Answer

Lincoln SDA Credit Union distinguishes itself as the only credit union exclusively serving Seventh-day Adventist church members. This faith-based focus creates a strong sense of community and shared values among members.

The credit union emphasizes personalized service and member relationships over physical infrastructure. Members often experience what staff describe as "the smile on the phone," reflecting the institution's commitment to personal touch and exceptional service.

Operating under a "People Before Profits" philosophy, the Board of Directors prioritizes member welfare over earnings. The credit union maintains extremely strong capitalization and has chosen not to add new fees or increase existing fees, even during challenging economic periods.

The credit union's conservative financial approach aligns well with Seventh-day Adventist church values, and this compatibility extends to its partnerships with vendors and service providers.

Question 7

What type of financial institution is Lincoln SDA Credit Union?

Accepted Answer

Lincoln SDA Credit Union is a federal credit union chartered under the National Credit Union Administration (NCUA) with charter number 65561. As a member-owned, not-for-profit financial cooperative, it operates democratically with volunteer-led governance through a Board of Directors.

Membership is restricted to Seventh-day Adventist church members, students and employees of Adventist colleges, and employees of Adventist hospitals, along with their minor family members. This associational common bond creates a unique niche in the credit union industry.

Deposits are federally insured to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), providing members with the same level of protection as FDIC-insured institutions.

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About Lincoln SDA Credit Union in the United States