We present a list of common questions we receive about our credit union and why we’re the best option for anyone seeking a place to call their financial home. Click the question you’re interested in asking from the list provided.
If none of the questions are what you’re interested in finding out, please contact us and we will be more than happy to assist.
A credit union is a cooperative, member-owned, non-profit financial institution organized to promote thrift. It is controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
Members are from the general public.
To join VENTURE you need to fill out our Membership Application Form. You need to submit your membership application form with the following documents:
You cannot get back your loan deposit from a bank. Let’s say you need $20,000 to borrow money from a bank once you make that deposit, that $20,000.00 is gone. Comparably, when you make a similar loan deposit with VENTURE, it goes to your shares and you still benefit from your dividends. You can use your dividends to make payments toward your loan. When you clear all of your loan payments you still have the money in your shares. This produces a win-win scenario for everyone who borrows a loan from VENTURE Credit Union. You win by getting the money you need to achieve your goals and you win by keeping your investment alive and maturing.
Unlike the bank, we have a fixed interest rates on our loans.