Oxford Federal Credit Union

Oxford Federal Credit Union (Oxford FCU) is a not-for-profit financial institution owned and run by its members, chartered under state law to offer safe, cost-effective financial services at reasonable rates to members. They typically offer higher savings rates and loan rates than banks as well as providing benefits like free checking with debit card privileges for its members.

Contrary to banks, which operate for profit-seeking ventures, Oxford Federal Credit Union operates on a not-for-profit model. Any profits that the organization makes go back into improving the business for the benefit of members – this conforms with their mission statement of helping people. Furthermore, all deposits with Oxford Federal Credit Unions are covered by National Credit Union Administration (NCUA), an umbrella federal agency responsible for all deposit accounts in America.

To join an Oxford Federal Credit Union, all it takes is $5 deposited into your share account – this account serves as your ownership stake in the institution and gives access to its products and services. Members exercise democratic control through electing volunteer board directors who set policy; furthermore they participate on various committees while helping protect their accounts by subjecting themselves to regular internal and yearly external audits.

As a member of Oxford Federal Credit Union, your money is federally insured up to at least $250,000 by the National Credit Union Administration (NCUA). This coverage applies to your share accounts up to that amount (checking and savings accounts alike), as well as checking accounts. More detailed information regarding coverage can be found at their website as well.

No matter the cause or occasion, Oxford Federal Credit Union’s lending team can find an appropriate solution that fits within your budget. They work tirelessly to make sure you obtain funds as quickly and smoothly as possible.

Oxford Federal Credit Union offers convenient digital banking that lets you take care of your money anywhere around the globe, but we’re never far away should you need us via phone call or click. Plus, with 5,600 participating credit union branches nationwide ready to facilitate your transactions if needed and instant debit card replacement available with just the click of a button!