What is a Credit Union
When you join a credit union you own a part of the future of the organization
A credit union is the only financial institution that belongs to its members…that is why it is so SPECIAL when you join the FIRST LINCOLN FEDERAL CREDIT UNION (FLFCU)
The idea of credit unions is simple: People should be able to pool their money and make loans to each other. The main principles have always been:
1) only people who are members of a credit union should apply for loans
2) loans are made for prudent or productive purposes and
3) a person's desire to pay (integrity) is considered more important than the ability to pay (income).
Ultimately, members borrow their own money and that of their peers. These principles govern most cooperatives in the world.
The member-centric difference is visible when you look at our financial products. As a federal credit union Lincoln, Nebraska residents rely on, we are dedicated to maximizing your savings, not shareholder profits. This commitment is why we can offer highly competitive loan products across the board. For example, when you compare current loan rates offered in Lincoln, you will quickly see the advantage of borrowing from a cooperative structure. Unlike banks, our primary focus is helping you achieve major life goals, such as buying a home and securing a favorable mortgage, with lower costs and personalized guidance, reinforcing the principle that member interests always come first.
Credit unions serve people with the philosophy "once a member, always a member", allowing lifetime membership (as long as your membership is not closed) even if the person leaves the field of membership or location.
FIRST LINCOLN FEDERAL CREDIT UNION is part of the shared branch network, as a member you can access your account at any branch that is also part of the network, especially when you need to go out of town, cannot reach our branch, or you move away!