ABE Federal Credit Union: A Different Way of Doing Business

Despite the financial turbulence America is facing today, ABEFCU has been and continues to be a safe harbor for savings and borrowing. Our conservative, responsible lending practices also apply to our mortgage lending, which has prevented us from being severely impacted by the current mortgage crisis.

As a local, not-for-profit cooperative financial institution, we are owned and controlled by you, our members. We do not believe in boosting profits by adding fees or pushing costly products that are not in your best interest. Because we answer to you, not a large conglomerate, we are focused on delivering lower fees, higher dividends and enhanced services.

This approach to doing business is what makes credit unions different…and it is the reason that more and more Americans are turning to us today.

•     Credit unions are local, not-for-profit cooperative financial institutions owned and controlled by their members.
•     Credit unions have a history of conservative lending practices due to a structure that does little to encourage excessive risk taking.
•  Credit unions are obligated to return earnings to their members in the form of dividends and enhanced services.
•  Credit union profits belong solely to their members, not to paid board members.
•  Credit unions offer low or sometimes no fee options for checking, savings, certificates of deposit, loans and credit card services.

If you have questions, we’re here to help. Call your local branch.

ABE Federal Credit Union is fully insured by the National Credit Union Share Insurance Fund (NCUSIF). This means that all of your savings, to at least $250,000 is fully insured by the U.S. Government.