All current and retired employees of the FirstEnergy Companies / First Communications are eligible to join the credit union and take advantage of our attractive dividend rates and low loan rates. Our field of membership includes members and their families; that is, persons related by blood, adoption or marriage to or living in the same household with a person having the common bond, as well as surviving spouses of persons who have left the field of membership in good standing. When an individual leaves the field of membership, all persons who are members by virtue of his or her membership may continue as members.
Credit union's are people places! They care! Each year, unbiased research in Consumer Reports shows that consumers are far more happier with the personal service available from credit unions than with any other financial alternatives. That's becuase credit union's are MEMBER OWNED.
In order to join FEFCU, you need to open a share account with $5.00 starting balance. To ensure that your money is safe and secure, all share accounts are federally insured up to $250,000.00 by the National Credit Union Share Insurance Fund, an agency of the United States Government. Your Insured Funds
Remember "Once a member always a member" even if you leave FirstEnergy, you and your family still belong to your credit union.
You can designate anyone as joint owner of your account. Joint ownership, however, is not the same as FEFCU membership. The joint owner(s) can make deposits to, or withdrawals from, the joint account.
Your joint owner(s) is not automatically a member of FirstEnergy Family Credit Union. If a joint owner is within the field of membership, he or she can become a member by completing a separate membership application and returning it with at least $5. Only members are entitled to borrow from FEFCU, to vote in FEFCU elections.
Once a member of FirstEnergy Credit Union, you are entitled to use the services of your credit union for life. You can change employers, move and retire. Your FEFCU membership is a foundation that can last a lifetime. "Once a member, always a member." To keep your membership active, you must maintain a Share Savings balance of $5 or more.
Remember, if you close your account, you cannot reopen it unless you are still in or return to our field of membership.
"Why can't I join?" The answer is probably the most frequently misunderstood. It's not our choice, it's the law!
Credit unions are allowed to serve only their members. As a credit union, FirstEnergy Family Credit Union receives a charter authorization to operate. That charter spells out in detail just who is eligible for membership in FirstEnergy Family Credit Union. Each of the over 7,000 federal credit unions has such a charter. Non-federal credit unions have similar charters granted by the states in which they operate.