VacationLand Federal Credit Union is excited to announce that they are now able to serve more members in more local communities. The VLFCU Board of Directors unanimously adopted an amendment to expand the field of membership effective on March 9, 2020. This announcement was delayed as preparations for COVID-19 prevention took priority.
VLFCU’s field of membership now includes anyone who lives, works, worships or attends school in all communities of Huron County, Ohio; York Township in Sandusky County, Ohio; Adams, Thompson, Reed or Venice Townships in Seneca County, Ohio; and the Village of Green Springs Ohio. This includes individuals, as well as, businesses and other legal entities. Previously, members qualified through their affiliations in Erie County, through their employment with Huron County school districts, or were Ohio Edison employees working in Sandusky, Bellevue, Port Clinton or Norwalk, Ohio.
Earlier this year, VLFCU was recognized by the US Treasury Department as a Community Development Financial Institution (CDFI). According to CEO, Bryan Myers, “the expansion into Huron County and the surrounding communities coupled with our CDFI designation will allow us to provide quality service and products to meet the financial needs of all local residents and businesses. As a CDFI, we are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.”
VLFCU currently has branches in Norwalk, Huron, Vermilion, and two in Sandusky. Members also have options to access their accounts through online banking, the VLFCU mobile app, Tellerphone, ATM’s, and the Shared Branching Network. The credit union was established in 1956 for General Motors employees and became a community credit union in 2001, growing to nearly 20,000 members to-date. VLFCU’s products include various deposit accounts, IRAs, consumer loans, Visa credit cards, mortgages, HELOCs, commercial/business loans, and business accounts. VLFCU’s depository accounts are insured up to $750,000. The first $250,000 is provided by the NCUA Share Insurance Fund (NCUSIF). An additional $500,000 is made available through private insurance from Excess Share Insurance (ESI). VLFCU is an Equal Housing Lender.