|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 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||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.|
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.
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.
|2014 Holiday Hours|
|New Years Day||January 1||Wednesday||Offices Closed|
|Martin Luther King, Jr's Day||January 20||Monday||Offices Closed|
|President's Day||February 17||Monday||Offices Closed|
|Good Friday||April 18||Friday||All Offices Open|
|Memorial Day||May 26||Monday||Offices Closed|
|Independence Day||July 4||Friday||Offices Closed|
|Labor Day||September 1||Monday||Offices Closed|
|Columbus Day||October 13||Monday||Offices Closed|
|Veterans Day Observed||November 11||Tuesday||Offices Closed|
|Thanksgiving Day||November 27||Thursday||Offices Closed|
|Thanksgiving||November 28||Friday||Drive Up Only - Lobbies Closed|
|Thanksgiving||November 29||Saturday||Drive Up Only - Lobbies Closed|
|Christmas Day||December 25||Thursday||Offices Closed|
|2015 Holiday Hours|
|New Years Day||January 1||Thursday||Offices Closed|
|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.