Improving members’ lives through promoting thrift and providing affordable access to credit.
At CALCOE Federal Credit Union, we are committed to achieving the highest level of member service by offering financial products, services, and education designed to benefit our members while maintaining the safety, soundness and managed growth of our cooperative.
How is a Credit Union different than a Bank?
There are few way credit unions, like CALCOE, are different from banks. And they’re kind of big.
Credit unions are owned and controlled by the members who use their services. Every member has one vote, regardless of how money they have deposited or what services they use. A volunteer Board of Directors, made up of members, is elected by the members to manage the credit union.
Profits made by the credit union are returned back to members in the form of reduced fees, higher saving rates, and lower loan rates. It’s your return as an owner of the credit union!
The cooperative structure of a credit union creates a cycle of mutual assistance toward the common goal of the financial well-being of its members. Within the cooperative, one member’s savings becomes another member’s loan.
There are just a few points that credit union and banks do share:
- Insured to at least $250,00 by the Federal Government. Credit Unions are insured by the NCUA, banks by the FDIC.
- Provide a wide variety of services from checking to home loans!
CALCOE's Historical Timeline
|2017||CALCOE celebrates its 80th anniversary|
|2013||Strategic initiative was created to help the financially underserved in Yakima County|
|2012||Moxee Branch was built to serve the needs of the Moxee Community|
|2005||Headquarters were built on 16th Ave in Yakima|
|2004||CALCOE started serving Yakima County|
|1937||Cascade Mill employees banded together and began making loans to each other|
|Number of Members||4,000|
|Low Income Designated||Yes|