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Member Ownership

Cooperative Federal is owned and operated by its members. There are no other owners. Choose a financial institution where the ownership structure is designed to serve your needs, not the needs of a handful of big investors or corporate owners!

The combined savings of members remains in the community, in the form of loans to members, members' small businesses, and community organizations. Deposits are federally insured by the National Credit Union Administration and backed by the full faith and credit of the United States government.

Benefits of Membership

As a member you have access to all the financial services that the credit union offers, as well as to all financial education, training and advising. 

Members Run the Credit Union

Unlike merely being a customer at a bank, Cooperative Federal members have a voice and a vote in governing the credit union. Members are encouraged to attend the Annual Meeting in March of every year, serve on our committees, and run for elected positions. Members elect the Board of Directors and Credit Committee. The credit union is an association of people, not of dollars, so each member has one vote, regardless of the amount of shares on deposit.

Learn more about the Board of Directors and view the Board Meeting Schedule.

Read the Syracuse Cooperative Federal Credit Union Bylaws.