Since 1956, our goal has always been to provide our members with the best financial services available. Through each stage of life, we are here to meet all of your financial needs. We are a non-profit organization committed to being an important asset to our community. Eligibility for membership includes any person who lives, works, or worships in Giles County, Virginia.
Membership eligibility is also extended to the immediate family members of any current Celco Community Credit Union member.
Membership eligibility is also extended to the immediate family members of any current Celco Community Credit Union member.
Services
Regular Share Accounts
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The minimum requirement for membership in the Credit Union is a balance of $5.00 in a regular share account. The Credit Union pays dividends on Share Accounts. The rate is declared quarterly; the dividend is added to the Share Account. Since the rate can change quarterly, check with our office for the most current information.
IRA Accounts
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We have IRA (Individual Retirement Accounts) available with special tax advantages for members wishing to provide something extra for their retirement years. Deposits and earnings on this account may be tax exempt until withdrawal. Contact our office for details on how this type of saving can benefit you and your spouse.
Savings Services
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The simple and automatic way to make your money grow faster is to have it deducted and deposited directly to your Credit Union account through our convenient payroll deduction plan. Member share accounts (savings) are insured to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA).
Loan Types
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New and used automobiles are being accepted as collateral for secured loans. Other collateral accepted as security include motorcycles, recreational vehicles, and mobile homes. Check with our office for current rates on these types of loans. General Comment - The Credit Union is desirous of serving the borrowing needs of our members to the fullest possible extent.
Lending Policies
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Lending policies are established by the Board of Directors and are implemented by our staff and loan officers. Policies may be changed periodically to reflect economic conditions. There is no penalty for early repayment (in part of in full) on any Credit Union loan. When conditions are met, regular personal loans, secured and unsecured, are approved daily.
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