Princeton University Federal Credit Union - A Tradition of Financial Excellence


		Now You Have A Choice What Is A Credit Union? A Unique Financial Institution Who Is Eligible To Join? Who Do We Serve? Board of Directors & Supervisors Now You Can Choose Your Financial Institution Not all financial institutions are alike, just like not all people are alike. People like you look for better alternatives to managing their money. Princeton University Federal Credit Union offers you an option. You can choose to eliminate high-interest and high fees from your life by choosing to join a credit union. Princeton University Federal Credit Union is uniquely different from a bank, finance company, Savings & Loan, or Thrift. Once you join us, you'll be immediately eligible for our low or no-fee financial services, low interest rates for loans, and higher-yield investment and savings accounts, plus outstanding member services, and the attention you deserve. Joining is easy. If you are eligible, just open a Share Account which represents your "share" in the credit union. Your $5.00 deposit in this account begins your lifetime of credit union benefits. What Is A Credit Union? A credit union is a group of people who agree to save their money together and to make loans to each other at attractive interest rates. When you join a credit union, you become one of its owners. Princeton University Federal Credit Union is part of a long-standing tradition in personal finance management. The credit union concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool to borrow from at lower interest rates. Today's "credit unions" are similar. They are not-for-profit, member-owned, and democratically operated by people just like you. Currently, there are over 11,700 credit unions in the United States with more than 74,000,000 members. Although credit unions have changed over the years to meet the demands of their members, our long-standing philosophy of "People Helping People" has remained the same. The credit union's assets are invested in loans to members, federal funds, U.S. government funds and obligations, and Empire Corporate Federal Credit Union. Each investment is approved by the credit union's Finance Committee. Each member's savings are insured to at least $100,000 by the National Credit Union Administration (NCUA). The credit union is operated in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. There is no discrimination on the basis of race, color, religion, national origin, sex, or marital status. A Unique Financial Institution Princeton University Federal Credit Union is a unique, not-for-profit, member-owned financial institution. We are chartered by the federal government and regulated by the National Credit Union Administration (NCUA). Member deposits are federally insured by the National Credit Union Share Insurance Fund (NCUSIF). Unlike banks that are driven to provide a profit for shareholders, your credit union returns excess earnings to our members. We do this by providing friendly and personal service, lower interest rates for loans, higher yields on savings and investment accounts, and by adding new financial products and services. Who Is Eligible To Join? If you are employed by Princeton University or an employee of any of the Select Groups (SG), or an immediate family member of a Princeton University Federal Credit Union member, or share the same 'household', you may join. ('Household' is defined as persons living in the same residence maintaining a single economic unit.) And your membership is for life. Whether you move, change jobs, retire, or marry, you are still a member with access to all membership benefits and services. Wherever you go, you can keep in touch with your credit union by phone, mail, fax, e-mail, ATM, web site, or in person. If you change your lifestyle, be sure to visit your credit union to ensure that you continue to enjoy your credit union's money-saving benefits. Who Do We Serve? The Princeton University Federal Credit Union (PUFCU) was chartered in 1972 to serve the faculty and full-time staff members of Princeton University. It has grown steadily and is now one of the largest credit unions in the state including over 35 Select Groups in its Field Of Membership. Board of Directors A seven-person board of directors, elected by the membership at the annual meeting, administers PUFCU. The board members and the credit union's employees are bonded. Directors and Officers - 2008 Susan Murphy-La Marche, Chair Alison Nelson, Vice-Chair Charles Jones, Treasurer Karen Woodbridge, Secretary Megan Adams, Director Michael Williams, Director Chad Klaus, Director Supervisory Committee The Supervisory Committee oversees the financial affairs of your credit union. The Supervisory Committee examines all operations of the credit union and, by law, is charged with conducting and reporting the results of regular certified audits to the Board of Directors and the membership. A periodic examination of the credit union is conducted by examiners of the National Credit Union Administration (NCUA). Supervisory Committee Anthony Bleach, Chair Theresa Gillars Joseph Bielamowicz