Credit Union Info
Altonized Community Federal Credit Union is a not-for-profit cooperative providing the best service to our most important assets – our members.
Altonized Community Federal Credit Union is a full service financial institution owned and controlled by the members who join it. Since its charter in 1939, the credit union has been dedicated to offering personalized, reliable service to meet the diversified financial need of each member.
Membership in the credit union simply requires maintaining a minimum balance of $25.00 in a Share (Savings) Account. The $25.00 represents one share and gives each member voting rights on credit union affairs, as well as the opportunity to take advantage of all financial services offered. The credit union is dedicated to providing its members a lifetime of dependable financial service. Once a person joins they may retain their credit union membership for life.
Your savings are federally secured to $250,000.00 by the NCUA.
Altonized Community Federal Credit Union was chartered on June 16, 1939. It was established to serve the employees of the Owens Illinois plant in Alton, Illinois along with immediate family members and any businesses they owned.
The purpose was to give members an opportunity to accumulate a savings and the credit union also created a source of credit for loans. The credit union was established to service the Owens Illinois plant in the beginning and over the past 75 years the field of membership has expanded. We look forward to serving you and your family today as well as in the future to come.
The credit union idea is a simple one: people should be able to pool their money and make loans to each other. It’s an idea that evolved from cooperative activities in the 19th century Europe. Since that time, the idea’s guiding principles have remained the same: 1) only people who are credit union members should borrow there, 2) loans are made for “prudent and productive” purposes; 3) a person’s desire to repay (character) is considered more important than the ability (income) to repay. Members are, after all, borrowing their own money and that of their friends.
The Mission Statement of Altonized Community Federal Credit Union is to provide quality financial services to our members, maintain financial soundness along with quality growth and to be the member’s primary financial institution.
Your credit union provides and promotes the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with the specific intent of helping members gain some particular measure of personal financial success.