Why Join the Credit Union
Because we’re more than just a bank, our Team is committed to provide you with a memorable banking experience, whether in person, online or over the telephone, each and every time. It’s what we do, along with delivering amazingly low rates on loans and awesome products!
And once a member, always a member!
The Credit Union philosophy is People Helping People. Credit unions are not-for-profit cooperatives providing financial services to the member-owners who save and borrow there. They exist solely to serve these members, and not stockholders. Credit unions operate not for profit, not for charity, but for service. Funds on deposit at the credit union are insured up to $250,000 by an agency of the U.S government – the National Credit Union Administration (NCUA).
While both credit unions and banks offer similar products and services, credit unions differ. Credit unions are governed by a volunteer board of directors who are elected by and from among the members of the credit union. Although the directors serve as volunteers, they are required to go through annual training to ensure that they are aware of regulatory and compliance requirements.
Unlike for-profit banks and other financial service providers, the credit union is not driven by the profit concerns of a small group of stock-holders. In traditional banks, a large source of income and profit comes from fees for services provided and interest rates charged on loans. Since the motivation for business is different in credit unions, fees are fewer and lower while interest rates paid to members on savings are higher and those paid by the member on loans are lower.
Employees of the following companies are automatically eligible for JMCU membership. Contact your Human Resources department or simply stop by one of our branches today! Employees and family members of employees are eligible to join.
Immediate family members of all our current members are also eligible to join.
- Allgeier Martin & Assoc.
- Avilla Schools
- BWJ Graphic, Inc.
- Cable One/Sparklight
- Cardinal Scale
- Carl Junction Schools
- Carthage Schools
- City of Carl Junction
- City of Joplin
- City of Webb City
- Dixie Printing
- Downstream Casino
- Dyno Nobel
- Empire District/Liberty Utilities
- EBV/EEC Explosives
- F.A.G. Bearing
- Freeman Hospital
- Hampshire Pet Products
- Jasper County School Employees
- Jasper County Bar Association
- Jasper County Support Services
- Joplin Globe
- Joplin R-8 Schools
- Mo. & Northern Ark. Railroad
- Missouri Gas Energy/Spire
- MSSU Employees
- Ozark Center
- Robertson Machinery
- SNC Squared
- Southwestern Bell
- Spring River Christian Village
- St. John’s-Mercy Hospital
- Thermal Engineering
- Tri-State Engineering/Olsson Associates
- Webb City Schools
- Williams Machine & Tool
- Windsor Foods/Ajinomoto Foods
Customers are Owners
The executive management of any company must answer to its owners. With a publicly-traded banking institution, shareholders care about only one thing: making money. In these companies, management often makes decisions that benefit the shareholder but inconvenience the customer. Shareholders might be happy when a bank decides to charge a new fee to increase revenue (and as a result, the stock price), but those who use the bank’s services do not want additional fees.
With credit unions, the set of owners and the set of customers are one and the same. All decisions should benefit everyone.