|
On December 7, 1937, Yellowstone Federal Credit Union was granted a charter to operate under the Federal Credit Union Act of 1934, “to make more available to people of small means credit for provident purposes through a national system of cooperative credit.”
Originally organized to serve permanent employees of the National Park Service in Yellowstone National Park, our charter was expanded in 1972 to serve all employees and residents of Yellowstone National Park; Gardiner, Montana; and the southern end of Paradise Valley in Montana.
In 2014, New NCUA regulations allowed us to further expand our charter to include anyone who lives, works, worships, volunteers, or attends school in Yellowstone National Park.
Like all credit unions, our Credit Union is a non-profit financial cooperative owned by its members. Our Board of Directors are elected by the members, and each member has an equal vote. Only members may serve as directors, and they serve as volunteers, without compensation. Members combine their savings to provide each other lower-cost loans, merchant services, higher dividend rates on savings, and better customer service. This principle is at the heart of the credit union philosophy, 'People Helping People'.
|
