A credit union is a not-for-profit financial institution that accepts deposits, make loans, and provides a wide variety of other financial services and products.  Credit unions operate to promote the well-being of their members.  Profits made by credit unions are returned to members in the form of reduced fees, higher savings rates, and lower loan rates.

Credit unions are owned and controlled by the people, or members, who use their services.  Each credit union member owns one “share” of the organization.  Since each member is also an owner, they are entitled to vote on important issues, such as the election of the board of directors.  The volunteer board of directors is elected by members to manage a credit union. 

The purpose of a credit union is to encourage members to save money by providing financial services at competitive and fair rates.  Credit unions are not-for-profit, meaning they do not pay profits to stockholders.  Rather, any profits are paid back to the members in form of lower rates for loans and higher dividends on savings.

Yes. All savings accounts are federally insurance to at least $250,000 by the National Credit Union Administration (NCUA), and backed by the full faith and credit of the United States Government.

Membership in New Directions Community Credit Union is open to persons who live, work, worship, volunteer, attend school, regularly conduct business in, or who own a business in Venango, Forest, Warren and Crawford Counties, Pennsylvania.

Minimum opening balance is only $5.00! There is a one-time membership fee of $1.00 to open the account making the total deposit needed to open your account only $6.00.

There is no monthly service fee for your savings account.  See Fee Schedule for a complete list of other applicable fees.

We do offer a free checking account that includes no minimum balance requirement, visa debit cards, free checks for members over 50, and access to our wide variety of online services.  Other types of checking accounts are available that may have different terms and conditions.  See Fee Schedule for a complete list of other applicable fees.

With New Directions Community Credit Union’s live online banking service, members can access their accounts 24/7.  Here are a few of the things you can do with this free and easy-to-use service:

• Access real-time account information and check account balances;
• Transfer funds instantly to your other credit union accounts or loans;
• View transaction history including images of checks that have cleared your account;
• Pay your bills any time using our free bill-pay service;
• Deposit checks remotely using our free Remote Deposit Capture service; and
• Access and download your account statements 

No, you do not need to be a member to apply for a loan; however, you will have to become a member if you are approved. Applications can be completed in person, by phone or online by visiting www.newdirectionsccu.com.