{"id":14833,"date":"2026-01-13T21:56:25","date_gmt":"2026-01-13T21:56:25","guid":{"rendered":"https:\/\/poefcu.org\/?page_id=14833"},"modified":"2026-01-13T22:11:04","modified_gmt":"2026-01-13T22:11:04","slug":"faqs","status":"publish","type":"page","link":"https:\/\/poefcu.org\/index.php\/faqs\/","title":{"rendered":"FAQ’s"},"content":{"rendered":"
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Who Owns A Credit Union?<\/h2>\n<\/div>
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Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn\u2019t operate in that manner. Rather, each credit union member owns one \u201cshare\u201d of the organization. The user of credit union services is also an owner and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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How Did Credit Unions Start?<\/h2>\n<\/div>
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The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary\u2019s Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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What Is The Purpose Of A Credit Union?<\/h2>\n<\/div>
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The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Are Savings Deposits Insured?<\/h2>\n<\/div>
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Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Who Can Join A Credit Union?<\/h2>\n<\/div>
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If you live, work, attend school, or worship in Caddo, Bossier, Desoto, or Webster Parishes, you can join.<\/p>\n

You can also join if you have a family member who is already a POE FCU Member.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-14833","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/14833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/comments?post=14833"}],"version-history":[{"count":9,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/14833\/revisions"}],"predecessor-version":[{"id":14843,"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/pages\/14833\/revisions\/14843"}],"wp:attachment":[{"href":"https:\/\/poefcu.org\/index.php\/wp-json\/wp\/v2\/media?parent=14833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}