Why Join Horizons Federal Credit Union
In addition to the variety of products and services described on our Web page, there are many other reasons for joining our credit union. The credit union idea came about in 1849 when the mayor of a small German village wanted to help his people recover from the physical and financial devastation caused by the Napoleonic wars. His idea was for the people to pool their small but regular savings and give out low interest loans. His idea worked so well that it quickly spread across Europe.
The United States saw its first Credit Union established in 1909 in Manchester, NH, and was based on the same principals of pooled savings and low interest loans. Today there over 9,900 Federal Credit Unions with membership growing rapidly.
Horizons FCU, formerly the U.S. Employees Federal Credit Union, was established in Binghamton in 1937 for postal employees and in the early years, only federal employees and their immediate families were allowed to join. Since that time our credit union has added smaller credit unions through the merger process. The name was changed to Horizons FCU in 1999 to better identify us with our community and the diverse group we serve. In August 2000, Horizons FCU was granted a Community Charter, which allows any person who lives, works, worships or attends school in, and businesses and other legal entities located in Broome County, NY, to join Horizons FCU.
We continue to serve our members with a variety of products and services and will continue to add to these products and services as technology and our membership requirements change.
Horizons FCU's Mission Statement:
To meet our members needs for quality financial services and to provide those services in a professional, convenient and efficient manner while maintaining financial stability.
Unlike other financial institutions, Credit Unions are owned and run by its members. Members make up the Board of Directors and the Supervisory Committee, which makes sure the Credit Union is run correctly.It's the members that make the Credit Union special. Our members are joined together by a common bond and we will serve only our members. There are no outside stockholders -- all net earnings after expenses are paid out to our members in dividends or reinvested in the credit union. That means your savings grow faster. Horizons offers a full-line of deposit services -- savings accounts, checking accounts, money market accounts, IRAs etc. We also offer many types of loans -- for cars, boats, ATVs, homes/home improvement and more. Plus you'll appreciate our low-interest rates on loans and high-interest rates on savings.
Horizons FCU has three main purposes: help you save regularly, loan money at fair interest rates and advise you on how to use money wisely. We believe our Credit Union will meet your financial needs. Please review Horizons FCU Statement of Commitment to Members for more information on this subject.
If you have any questions regarding becoming a member of Horizons FCU, please contact a member specialist at (607) 724-5876.
For more information on Horizons FCU policies, visit our Policies Page .
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