About Countryside FCU
Our 18 employees provide our members with a wide range of financial services. As of February 15, 2005, our Charter was amended to open membership to: Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Onondaga County, New York.
Our goal is not to be the biggest credit union, although we are in the top 10% nationally, but best in meeting our members' financial needs. Members find that our savings and certificate rates are consistently above market rates and our loan rates usually beat the competition. Our fees are nominal in comparison to commercial alternatives and our service is personal and understanding.
Our mission is to always consider first our members' financial well-being, improve their financial knowledge and provide members of modest means with a place to save and borrow at competitive rates.
Countryside Federal Credit Earned BAUER FINANCIAL's 5-Star Rating
March 2015: We Recommend All Five-Star and Four-Star Institutions "Because peace of mind matters". Countryside Federal Credit Union is financially sound and operating well above their regulatory capital requirements. Countryside Federal Credit Union was established in 1941 and has been serving the needs of its members for 75 years.
BauerFinancial, Inc., Coral Gables, Florida, the nation's leading independent credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can any elude it. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.
Your Supervisory Audit Team wants to hear from you if you see a discrepancy in your statement. If you find that something does not agree in your records, please report any discrepancy in writing to: Countryside FCU- Supervisory Committee PO Box 846 Dewitt, NY 13214-9919
What is a Credit Union?
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.
Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 9,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000; Retirement Accounts / IRAs to $250,000.
What makes a credit union different from a bank or savings & loan? Like credit unions, these financial institutions accept deposits and make loans--but unlike credit unions, they are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments. A credit union is owned by its members. Want to find out more? Here's your chance to learn about the history of credit unions.