The definition of a Port Terminal Federal Credit Union (FCU) is a financial cooperative that is owned and operated by its members. It is formed to allow members to pool their resources in order to provide better financial services to its members. Members of a Port Terminal FCU are typically those who are employed in the port terminal industry. Examples of these are truckers, customs agents, dock workers, and other port related personnel. Each member of the Port Terminal FCU is a voting member, giving them a say in how the credit union is run. This is different than most other financial institutions that are owned by outside shareholders.
Port Terminal FCUs offer a variety of services to its members such as loans, deposits, and financial advice. The interest rates generally are lower than those offered by traditional banks, making it a great option for those who are looking to save money. Port Terminal FCUs also typically offer more flexible terms for repayment than traditional lenders.
Port Terminal FCUs