Credit unions are non-profit financial savings and lending cooperatives that provide members with various banking services. Their shares are insured through the National Credit Union Share Insurance Fund managed by NCUA and guaranteed by the full faith and credit of the US government.
Cottonwood Community Federal Credit Union competes against 4109 other companies. Learn who they are, what they do and how they stack up against competitors.
Cottonwood Community Federal Credit Union offers 7 branch locations that you can visit to open an account, or use our ATM locator tool to locate an ATM operated by CO-OP.
Cottonwood Credit Union was established on January 1, 1942 as a state-chartered, federally insured credit union and is part of the National Credit Union Administration (NCUA). Membership eligibility extends to individuals residing, working, attending school or worshipping within Idaho and Lewis Counties along with their immediate family members – its assets total $77,991,887.
Cottonwood Branch of SLFCU is its second-largest location both in terms of employees and transactions. Offering full service with safe deposit boxes, five drive-up lanes, ATMs and tellers (Richard Rickert, Teller Senior; Alyssa Castanon Teller; Erin Suknot Teller Supervisor; Jered Trujillo Branch Manager and Russell Wilson Financial Service Representative), as well as shared branching (allowing people who belong to other credit unions access SLFCU branches for certain transactions). This branch also offers shared-branch services which enable their members from participating credit unions accessing SLFCU branches for specific transactions (Richard Rickert).
Cottonwood Community Federal Credit Union provides its members with a full array of financial services to meet their needs. The institution offers deposit accounts such as checking and savings accounts as well as various loan products like personal loans, auto loans, mortgages and home equity lines of credit loans. Furthermore, Cottonwood also offers wealth management and investment services.
Cottonwood Community Federal Credit Union employees on average make an estimated annual salary of $65,936 or $32 an hour, as estimated from compensation data gathered both directly from employees as well as third parties like LinkedIn and Indeed.
SLFCU membership is open to people living, working, attending school or worshipping in Idaho or Lewis Counties as well as their immediate family members. Cottonwood branch of SLFCU provides shared branching service allowing members of other credit unions to use any SLFCU branch when conducting transactions.
Credit unions provide banking services similar to banks, including checking and savings accounts as well as loan products like personal loans and mortgages. Furthermore, they offer investment and savings vehicles such as Individual Retirement Accounts with lower fees and interest rates than banks.
Credit unions are non-profit financial savings and lending cooperatives owned by their members that are governed by both state and federal agencies, as well as insured by the National Credit Union Share Insurance Fund (NCUSIF), which is supported by the full faith and credit of the United States government.
Cottonwood Credit Union operates out of an old gas station which previously housed pizza parlor and smoke shop operations, decommissioned storage tanks were removed prior to sale of property in December 2003 and estimated age of 60 years estimated by experts.
Credit unions differ from banks in that they exist solely to serve their members through savings and loans, charitable initiatives and outreach programs. Although smaller than banks with respect to size and financial strength, credit unions offer lower loan interest rates and fees, more personalized service and often free ATMs through CO-OP Shared Branch networks.
Furthermore, non-bank lenders offer more leniency when it comes to loan products like auto loans and personal lines of credit. Furthermore, these institutions typically incur less risk as they do not engage in similar business ventures as banks do.
Credit unions also provide financial education through the BALANCE program, with online modules that can help you learn about personal finance management and earn a certificate upon completion. Furthermore, free one-on-one financial counseling services from BALANCE may assist with issues like debt management and home buying.