Introduction
River Valley Credit is a cooperatively owned nonprofit financial institution where a group people come together to pool their money for everyone's benefit. River Credit operates very much like a bank and offers services such as saving accounts, checking accounts, NRE accounts and loans. However, the major difference lies in the fact that when you open an account with river credit you become one of its members and a part owner in the cooperation. You have a say in many important decisions of river credit like voting to elect board members for which a meet is held annually. The board members serve without pay and direct the operations of the cooperation.
Step 1
Money that you deposit in your account with river credit is federally insured. National Credit Union Insurance Fund (NCUIF) which is administered by an agency of U.S. government called National Credit Union Administration (NCUA) provides coverage of up to $250,000 to River valley.
Step 2
River Credit is a community based credit union. This means that its membership is divided into specific geographic areas and people falling in a particular area can become members of union responsible for their area.
Step 3
Any person who lives/works in Windham and Windsor Counties in Vermont or in Western Cheshire and Western Sullivan Counties in New Hampshire is eligible to become a member of River Credit.
Step 4
To become a member of River Credit you must open a savings account with them. This is called a base share account and at any time you must have at least $25 in that account. This minimum balance is required for you to use membership services. You will receive an interest on the minimum balance.
Step 5
Members of River credit must use the benefits of their indispensable debit access card which is widely accepted just like a master card and automatically debts your share draft to your checking account. You can use it to withdraw money free of charge at any River Credit ATM or Coop network ATM.
River credit allows you to keep a track of your accounts transactions and details online. You may print account statements or pay your bills anytime from the comfort of your home. Score rewards on VISA platinum credit card. River Credit VISA platinum card can be used for various purposes like shopping, paying bills, making online transactions and more. and every time you use it you score some points that are added to your scorecard. You can redeem your earned points to receive branded merchandise and exciting travel packages.
Conclusion
River Credit offers convenient loan programs for its members. You can apply for consumer loans, equity loan, mortgage, automobile loans, share-secured loans, overdraft loans and even mobile/motor home loans. Application can be made in person or through email or you can drop off your application form at any river credit office. Open a certificate account. You can increase your savings by investing your money in river credits certificate account. A certificate account can opened for 3 months to 60 months and monthly interest rates provided are really good. Monthly interest can be compounded to you certificate account or transferred to your saving accounts as you wish. With river credit you can separate your savings for specific purpose, like for a vacation, in different team accounts. This will help you plan your expenses in advance.
