Romney Federal Credit Union

Romney Federal Credit Union was started back in 1955 by John Bruce with original assets of $25 to assets of almost 5 million dollars today.

RFCU is a non-profit financial organization that is owned and operated by its members. Members elect a Board of Directors to manage and run the day to day operation of the credit union. The board consists of local people who volunteer their time and meet monthly to set policies, set interest rates and declare dividends. The board appointed supervisory committee is the auditing body of the credit union and the board appointed credit committee oversees the loan approvals and denials.

To join the credit union and take advantage of the services available, each member must open a share (savings) account with a minimum deposit of $25. Members of their immediate family may also join the credit union by depositing the minimum $25.

Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a United States Government Agency.