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Non-Profit |
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Our non-profit orientation is what
enables us to return our profits to our membership. Members who save
at the credit union provide the money for those who wish to borrow,
and the interest derived from those loans is used to pay higher
dividends on members savings accounts. You save, invest, and borrow
at fair rates for low fees. |
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Members |
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Our members
have the ultimate authority here at Ulster Federal Credit Union.
There is no select group of shareholders that profits more than
anyone else. All members profit -- individually and collectively.
Members elect a Board of Directors, all of whom are credit union
members who serve (by law) without compensation. The Board
establishes and reviews policy, and has appointed our
President/Chief Executive Officer Richard A Mantey, who directs the
professional staff. |
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NCUA |
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Ulster
Federal Credit Union is a Federally-Chartered Credit Union,
organized under strict regulatory laws that are monitored and
enforced by the National Credit Union Administration, an agency of
the U.S. Government. The NCUA insures each member savings account
for $100,000. |
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