Emery Federal Credit Union is a full service financial cooperative, dedicated to serving its Members. We’re a fast growing, progressive Credit Union that offers Members a full range of banking products and services, including deposit accounts, loan products/services, and commercial services.
Experience the Credit Union Difference
The main difference between credit unions and banks is ownership. Banks are owned by shareholders. The shareholders elect a paid board of directors that works to maximize shareholder return. In contrast, a credit union is a not-for-profit financial cooperative owned by its members. A credit union’s board is made up of unpaid volunteers from the membership, elected by members.
This cooperative system ensures lower loan rates and higher savings rates than typically available at banks, which must maximize profits delivered to shareholders. In contrast, any profits received by the credit union flow back to the membership in the form of lower loan rates, higher savings rates, and enhanced member services.
Emery Federal Credit Union was originally chartered in 1939 to serve the employees of Emery Industries. In 1984, our membership expanded to include other diverse groups. Through 2016 we have served the employees and family members of over 250 companies in the Greater Cincinnati and Columbus Metro areas. In June 2016, our membership structure changed to allow us to serve anyone who lives, works, worships or attends school in Hamilton, Butler or Warren counties in Ohio.