
Chattanooga Federal Employees Credit Union is a not-for-profit, member-owned financial institution that exists to serve its members. Being a member of the credit union is the smart way to manage your finances. We have a complete line of financial products and services to meet your needs. The credit union serves the needs of its membership.
All family members of those eligible for membership may also join the credit union and take advantage of the many services. As a member of the Credit Union, your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration, a U.S. Government Agency.
All family members of those eligible for membership may also join the credit union and take advantage of the many services. As a member of the Credit Union, your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration, a U.S. Government Agency.
Services
Technology Update
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As we have been working diligently to improve our technology and enhance our delivery channels, now more than ever, consumers need the ability to do their banking electronically and our new system will address this need. You may use your new Mastercard debit card during this time without interruption.
Membership
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Primary field of membership is all federal employees living in the greater Chattanooga area and their family members. Membership is effective as long as you maintain a $25 minimum Share Account balance (Even if you change employers, you will still be eligible for membership). A Share Account, representing shares of ownership, is your primary credit union savings account and is opened with your membership.
Share & Certificate Rates
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Dividends are posted on the first day of each calendar quarter for the previous calendar quarter. Rates listed are projected rates. SPECIAL: We offer a "Birthday Certificate" which allows members who open a 12 month share certificate in the month of their birthday to add their age in basis points to the dividend rate.
Loan Types
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Each loan request is carefully reviewed and many factors are taken into consideration such as past credit history, length of time on credit accounts, amount of current outstanding credit, length of employment, in addition to credit score. Unlike most lenders, we don't charge a higher rate on used vehicles; you get the same great rate whether you buy a new or used vehicle.
Loan Application
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The information you have stated in this application is correct to the best of your knowledge;. You authorize the credit union to obtain a copy of your credit report and verify your employment;. The credit union will rely on the information in this application and your credit report to make its decision;.
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