Employees of Charter Communications of Hickory, NC
Immediate family members of all of those listed are also eligible for membership. Immediate family members are: spouse, child, sibling, parent, grandparent or grandchildren. Immediate family members also include stepparents, stepchildren, step-siblings and any adoptive relationships.
Anyone who resides in the household of a member is also eligible for membership.
Employees of Credit Union
Cooperative membership saves you money!
As your Local Financial Cooperative, we offer Secure Checking, 30,000 Surcharge Free ATMs, 5,000 Shared Branches, Free Debit Card, Low Loan Rates, Fixed Rate Visa Credit Cards, Investments, Savings Club Accounts, CDs, IRAs, Money Market Accounts, and Free Mobile Banking which includes Bill Pay & Mobile Deposit!
What is a Financial Cooperative?
Financial Cooperatives (also known as Co-Ops) provide affordable banking services to members of their Co-Op. Financial Co-Ops operate under many names through-out the world. In the United States, Canada, and Australia, you know them as Credit Unions. In Africa they are known as SACCO for Savings and Credit Cooperative Organizations, in the Philippines they are called Credit Cooperatives, and in Mexico and Latin American Countries they are called cooperativas de ahorro y cr&etilde;dito.
What Are CO-OP Connected Credit Unions?
Credit unions connected to the CO-OP Financial Services network in the United States really are different. Different in a nationwide, there-for-you-everywhere sort of way! They work together to serve each others' members.
Regardless of what you call a Financial Cooperative, they all abide by the Seven Cooperative Principals and exist to provide discounted services or products to Co-Op members. In addition to affordable financial services, Credit Unions and Co-Ops believe strongly in Financial Education and provide many options to their members for increasing their financial knowledge. A volunteer Board of Directors is elected from the Co-Op membership each year and guides the Co-Op staff in serving the membership.
Why is it important that your credit union is a cooperative?
Cooperatives are only as strong as their members' participation. The stronger the participation, the more services and products credit unions can provide members of the Co-Op. Credit Unions continue to grow world-wide and in 2014 credit unions celebrated over 100 million members of these financial cooperatives in the United States.
Seven Cooperative Principals of Cooperatives
1. Voluntary and Open Membership
Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
2. Democratic Member Control
Cooperatives are democratic organizations controlled by their members—those who buy the goods or use the services of the cooperative — who actively participate in setting policies and making decisions. Members VOTE on a volunteer Board of Directors.
3. Members' Economic Participation
Members contribute equally to, and democratically control, the capital of the cooperative. This benefits members in proportion to the business they conduct with the cooperative rather than on the capital invested.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If the co-op enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the members and maintains the cooperative's autonomy.
5. Education, Training and Information
Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperative. Members also inform the general public about the nature and benefits of cooperatives.
6. Cooperation among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.
Board of Directors
As a Financial Cooperative and as part of the Seven Cooperative Principals, Nova CU is a democratic organization controlled by its members — those who use the services of the cooperative. Members vote on a volunteer Board of Directors that participates in setting policies and making decisions along with the executive team.
Elected Officials are announced at the Annual Meeting that members attend.
Current Board of Directors
Chairman — Phillip Kridel
Vice Chairman — John Geter
Treasurer — DC Trull
Secretary — Diane Rich