The Credit Union Philosophy

Apex Community FCU – Building on centuries of credit union tradition

A credit union is a not-for-profit, member-owned financial cooperative that is democratically operated by its members. Unlike ordinary banks, which are driven to provide profit for shareholders, credit unions return excess earnings to members by offering low or no-fee services, lower interest rates for loans, and higher yields on savings and investment accounts. At Apex Community FCU, we do this while providing friendly personal service, in the atmosphere of a community institution where customers are also neighbors. At the same time, we ensure that our members’ changing needs are met by adding new financial products and services to suit the evolving economic environment.

Apex Community Federal Credit Union shares the heritage of a long-standing tradition in personal finance management. The credit union concept originated in Germany during the mid-1800’s, when a group of farmers grew tired of high prices and outrageous interest rates, and pooled their funds to buy supplies and provide loans for each other at lower interest rates.

Although the credit union model has changed over the years to suit the changing times, the traditional spirit of "people helping people" has remained constant, and at here at Apex, it has always been our guiding philosophy.