About Us

Board of Directors

Board of Directors

The Board of Directors is made up of nine (9) unpaid volunteers and is elected by the membership at the Credit Union Annual Meeting. They are responsible to the members for the proper exercise of the authority delegated to them in the bylaws. As provided in the bylaws, the Board controls the resources made available to management for the accomplishment of its tasks and is responsible for the general direction and overall control of the Credit Union. This responsibility is carried out in accordance with the Federal Credit Union Act, rules and regulations, bylaws, and sound business and management practices.

History

History of the People's Federal Credit Union

The People's Federal Credit Union was federally chartered on January 12, 1953 and currently has more than 18,000 members. With five branches located in Amarillo, Childress and Canyon.
Credit unions differ from traditional banks in many ways. As a member-owned entity, credit unions function to serve their membership. As a result, credit unions are able to pay higher dividends on savings and charge lower interest rates on loans. After operating expenses and reserve requirements are met, the remaining income is returned to the members as dividends and other financial services. Moreover, the Credit Union Board of Directors is made up of unpaid volunteers, elected by the membership from among their own ranks.

Membership

Membership How Do I Join?

Although the Credit Union only deals with persons who make up the field of membership, the foremost principle in its membership policy is to extend service to as many as are eligible. A Credit Union should not try to become an exclusive organization to which only a privileged few people may belong. Rather, it should aim at becoming an organization that includes and helps as many people as it can.
You can change employers, move, retire, get married and never have to leave The People's Federal Credit Union. "Once a member, always a member."
Call us at 322–4284 and ask for our Member Service Department.

Mission

Mission

The mission of The People's Federal Credit Union is to be the Members' primary financial institution. The credit union will provide quality, competitive services in an atmosphere of trust and superior member satisfaction.

Supervisory Committee

Supervisory Committee

The Supervisory Committee consists of five persons appointed from the membership by the Board of Directors. It is the members´ representative and serves as the Credit Union´s internal auditing body. The Supervisory Committee performs duties as prescribed in the bylaws which include examining the affairs of the Credit Union, auditing the books, presenting reports to the Board of Directors, and an annual report to the members.

Holiday Hours

2014 Holiday Hours
Christmas Day December 25 Thursday Offices Closed
2015 Holiday Hours
New Years Day January 1 Thursday Offices Closed
Martin Luther King, Jr's Day January 19 Monday Offices Closed
President's Day February 16 Monday Offices Closed
Good Friday April 3 Friday All Offices Open
Memorial Day May 25 Monday Offices Closed
Independence Day July 4 Saturday Offices Closed
Labor Day September 7 Monday Offices Closed
Columbus Day October 12 Monday Offices Closed
Veterans Day Observed November 11 Wednesday Offices Closed
Thanksgiving Day November 26 Thursday Offices Closed
Thanksgiving November 27 Friday Drive Up Only - Lobbies Closed
Thanksgiving November 28 Saturday Drive Up Only - Lobbies Closed
Christmas Day December 25 Friday Offices Closed
2016 Holiday Hours
New Years Day January 1 Friday Offices Closed

The National Credit Union Share Insurance Fund

NCUSIF Depository Insurance

The National Credit Union Share Insurance Fund is the insurance program that protects members' savings. It is administered by an independent agency of the federal government, the National Credit Union Administration, or NCUA. This fund provides federal insurance of up to $250,000 on members' cumulative deposits in share-type accounts. IRAs are separately insured for up to $250,000.

 

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