Frequently Asked Questions
A. During the school year, the credit union's normal business hours are Monday, Wednesday, & Friday 3:00pm to 5:00pm, Tuesday and Thursday 4:00pm to 6:00pm, and Saturday 9:00am-12:00 noon. The summer vacation normal hours are Monday-Friday 10:00am to 1:00pm. We are closed Saturdays in the summer. You can always check our answering machine for changes in hours.
A. Our home equity loan rates are currently starting at 5.49%. New car rates start at 4.99%. Please call the credit union for our used car rates and other specials.
A. Each member may have up to 3 loans at one time, with the total not exceeding $35,000.
A. Membership in the KFTCU is open to any union teacher in District #111 and their immediate family..
A. Our philosophy is "once a member, always a member", so yes, if you should leave District #111, you would still be a member of the KFTCU.
A. Yes, each member's savings are insured up to $100,000 by the National Credit Union Share Insurance Fund (NCUSIF).
A. Unlike other financial institutions, credit unions are owned and run by members. Members make up the Board of Directors, who manage and elect the officers to handle the business and operation of the credit union. There are no outside stockholders in a credit union- all net earnings after expenses are paid out as dividends to members.
A. Our Board of Directors is: Ronald Gean, Chairman; Jeff Anderson; Zeola Bellephant; Alma Birdsong; Randall Degenhart; Marcia Dubbert; Patricia Geel; Maria Glasgow; Oachia Irvin; Marion Jackson, Jr.; and Palmer Kloster.
A. The Board of Directors is elected by the membership each year at the annual dinner meeting.