What is a Credit Union?
A credit union is an organization owned and democratically controlled by its members, a limited group of persons having a common bond of occupation, association, or residence. Its purpose is to promote thrift, to provide a convenient inexpensive source of credit for worthwhile purposes, and to furnish a means for the wise management of their own financial affairs.
How do I join Berea Credit Union?
The field of membership of the Berea Credit Union is limited to those having the following bond: employees of Berea College, Berea Hospital, Berea Community School, City of Berea, Berea Area Development LLC and the immediate family (spouse, parent, child, grandparent, grandchild or sibling) of those employees and retirees who are Berea Credit Union members
Come by the credit union office and fill out a Membership Application Card. Cost of starting a savings or share account is a $2.00 joining fee and a minimum share deposit of $5.00. Applications are approved after the Membership Officer has determined the applicant is qualified under the field of membership defined above.
Set up your payroll deduction with the payroll officer at your place of work.
Your membership in the CU will continue as long as you maintain a minimum share balance of $5.00. Certain restrictions may apply.