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FAQs
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● What's a Credit Union?
● Are savings deposits
insured?
● Are savings and borrowing
rates better at my credit union than elsewhere?
● How is our Credit Union
preparing for the financial marketplace of the future?
● How does the Privacy
Policy affect me?
What's a Credit Union?
A credit union is a cooperative, not-for-profit financial
institution organized to promote thrift and provide credit to
members. It is member-owned and 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.
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Are savings deposits
insured?
Yes. All savings accounts are insured up to $100,000 by the NCUA,
the National Credit Union Administration, an agency of the federal
government.
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Are savings and borrowing rates better at my credit union than
elsewhere?
Credit unions often offer very competitive rates on everything from
savings accounts to auto and home loans, in part because they are
nonprofit agencies and have no taxes to pay and no investors to
satisfy. They also have lower marketing costs and overhead than
commercial institutions. Thus, they can pay their members
above-average rates on deposits and charge below-average rates on
loans and credit cards.
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How is our Credit Union preparing for the financial
marketplace of the future?
We are committed to partnering with top providers to bring quality
financial service to our members. One thing members may always be
assured of is that the human touch will never leave the credit
union. We will never become too big or sophisticated that our
members can not talk to a real person when they have a concern.
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How does the Privacy Policy affect me?
Because Sentry Credit Union has always recognized its responsibility
to protect your privacy, the information-sharing practices outlined
in its Privacy Policy are not a major change from our past
practices.
Sentry Credit Union is committed to
providing you with the financial products and services that will
help you meet your financial needs and reach your financial goals.
Protecting your personal information and using it in a manner
consistent with your expectations is a high priority for everyone
associated with Sentry Credit Union.
Sentry Credit Union collects
nonpublic personal information about you from the following sources:
I nformation we receive from you on
applications or other forms;
Information about your transactions with us or others; and,
Information we receive from a consumer reporting agency.
We do not disclose any nonpublic personal information about you
to anyone, except as permitted or required by federal or state law.
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