Here for your benefit.
Unlike banks, credit unions are not-for-profit financial organizations, democratically controlled, owned and operated by its members for the benefit of all who belong. What this means is that after expenses are paid and capital reserves are funded, financial profits are returned to our members in the form of dividends and other benefits.
How to Join
A $5.00 deposit from an eligible member is all it takes to become a member/owner of Fairmont Federal Credit Union and take full advantage of the services offered to our members. This is used as a minimum balance in your Share Savings account.* This is not a fee — it's equal to the par value of a share in the credit union. It will be refunded upon closure of your account, provided your account has been open for 90 days.
In Marion, Monongalia, Preston, Harrison and Taylor counties:
Persons who live, work, worship, volunteer, or go to school in, and businesses and other legal entities located within these counties.
Immediate Family Eligibility Requirements
Anyone in the immediate family of an eligible member may join our credit union even if the eligible member does not join. Immediate family members include: spouse, parent, child, sibling, grandparent and grandchild. Adoptive and step-relationships are also included in the definition.
Household Eligibility Requirements
People living in the same residence or maintaining a single economic unit with an eligible member may join only if the eligible member actually belongs to the credit union. Household members include domestic partners, roommates, family members and legal guardian relationships. The definition excludes temporary residents and residents of boarding houses, frat houses and condominium complexes. Once a member joins the Credit Union, regardless of what category made them eligible for membership, their immediate families and their households also become eligible to join.
Members have the privilege to hold office on the Board of Directors and to vote at the credit union annual meeting to elect the Board of Directors to run the Credit Union. Regardless of the amount of money held by a member in the credit union, the basic principle applies, "one member = one vote." As one of the most progressive credit unions around, our success has been built on our commitment to the credit union philosophy of "People Helping People!"
This is your credit union and the more you participate the more you share in its benefits. Remember, the credit union does not profit ... our members do!
*You must maintain a minimum daily balance of $50.00 in your Share Savings Account to avoid a minimum balance fee. If, during any monthly statement cycle, your account balance falls below the required minimum daily balance, your account will be subject to a minimum balance fee of $4.00 for that monthly statement cycle. This fee will not apply to accounts for minors (persons under 18 years of age). This fee will not apply if an account holder has an open and active sub-account such as a loan, share draft checking, IRA or term share certificate. You must maintain a minimum average daily balance of $50.00 in your account to obtain the disclosed annual percentage yield.