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2012 Report of the Board of Directors |
A Unique Financial Institution |
Self Reliance (NY) Federal Credit Union is a professionally managed not-for-profit and member-owned financial institution serving the Ukrainian American community. Unlike other financial institutions, we return excess earnings to our members in the form of lower interest rates for loans, higher yields on savings and investment accounts, and by adding new financial products and services.
As a member, your account with Self Reliance New York Federal Credit Union is federally insured up to $250,000 by the National Credit Union Administration, the strongest insurance fund among all federally insured institutions. In addition, if you have an Individual Retirement Account at our credit union, it is also insured up to $250,000.
A Brief History |
The Self Reliance New York Federal Credit Union, established in 1951, by a group of volunteers dedicated to the cooperative philosophy of "people helping people", under the sponsorship of the Self Reliance Association of American Ukrainians, is currently the oldest and largest Ukrainian Credit Union in the world. It has over 14,600 members and assets exceeding 920 million dollars.
Self Reliance New York F.C.U. exists for its members benefit, constantly striving to:
The Credit Union is run by a Board of Directors
who are elected by the members at an annual membership meeting. Each member of
the Credit Union has one vote, regardless of the amount in his or her account.
The primary goal of Self
Reliance is and has always been serving our members in a courteous, professional
and confidential manner. We always welcome new members and are ready to service all their
financial needs. We hope to become your premier financial service provider.
Joining
Is Easy!
To
become a member at Self Reliance (NY) Federal Credit Union one must first
qualify for membership at the Selfreliance Association of American Ukrainians.
There are branches of the Association in New York City at 98 Second
Avenue, New York, in Uniondale and Kerhonkson New York. An initial minimum deposit
of $50.00 is required to open a basic share account, plus a $10.00 membership fee to the
Selfreliance Association. Having
a share account makes you immediately eligible for the many benefits of credit union
membership. You’re welcome to remain
a SRNYFCU member for life, even if you move. Access to credit union financial
products and services are available through direct deposits, by mail, fax,
phone, NetTeller Home
Banking and at thousands of worldwide ATMs (automated teller machines). Once you
join, your family members may also apply for lifetime membership. Eligible
family members include your spouse, children, parents, grandchildren,
grandparents, brothers, sisters, aunts, uncles, nieces, nephews, first cousins
and in laws.![]()
Foster the ideals of cooperation and
promote the financial well being and security of its members and through them the
Ukrainian community;
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Promote thrift, provide credit and
quality financial products and services to meet members demands, in a professional,
confidential and courteous manner;
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Safeguard its members assets by
investing funds in a safe and sound manner that will strengthen its capital growth
formation while providing a strong base for growth
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Your
savings federally insured to at least $250,000
and backed by the full
faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency |
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