(724) 845-8923 amfcu4u@windstream.net

Frequently Asked Questions

Who manages Allegheny Metal Federal Credit Union?

  • The Credit Union is governed by the following unpaid Directors and Committee persons.  These volunteers are elected for alternating terms by the members at the annual membership meeting.
    • Seven (7) member Board of Directors
    • Three (3) member Supervisory Committee
  • The Board of Directors employs a General Manager/CEO and office staff to manage and operate the Credit Union on a daily basis.

How large is Allegheny Metal Federal Credit Union and how long has it existed?

  • Chartered in 1941
  • Over 2200 members

What are the advantages of Credit Union membership?

  • Credit Unions are owned by and operated for their members.
  • High interest return on savings
  • Savings available on demand without penalty.
  • Savings insured to $250,000 per person by NCUSIF.
  • Reasonable interest rates on loans (Auto, Recreational, Personal, Home Equity).
  • Ask about Payroll Deduction.
  • Life and disability insurance are available on a member pay basis only for most loans.

ALLEGHENY METAL

FEDERAL CREDIT UNION

260 PERSHING AVENUE

LEECHBURG, PA  15656

PHONE: (724) 845-8923

FAX: (724) 845-7452

 

OFFICE HOURS:

MONDAY through FRIDAY

8:30 am to 4:30 pm –

Last transaction 4:15 pm

OFFICE CLOSED EARLY:

Last Business Day of month –

Last transaction 3:00 pm

 

CREDIT UNION Frequently Asked Questions (FAQ’s):


What’s a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.


Who owns a credit union? 
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn’t operate in that manner. Rather, each credit union member owns one “share” of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.


How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary’s Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.


What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.


Are savings deposits insured?
Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.


Who can join a credit union?
A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a “field of membership.” The field of membership may include where they live, where they work, or their membership in a social or economic group.

 

What if I lost or have a stolen AMFCU VISA Check Card?

– CALL 1-800-500-1044 then  CALL US @ 724-845-8923

 

How do I reorder Checks?

Call Harland Clarke @ 1-800-355-8123 or Go to www.ordermychecks.com

 

What to do if you fall victim to Identity Theft 

Please follow the steps on the Protection from Fraud & Theft page

Address Policy:

A physical address must be provided on all accounts even if you have a Post Office Box mailing address. All members of Allegheny Metal Federal Credit Union are required to inform the credit union of any address or telephone number change.

The owner or joint owner on an account may inform the credit union of an address change in any one of the following manners:

  • Post Office notification. The notice provided for an address correction request.
  • Over the telephone. No over the telephone changes. Staff will advise member of other options as listed below.
  • In person. Credit union staff must verify the identity of the owner as stated in our CIP policy or verify the person through the photo ID software in our computer system.
  • Through the mail. A written request signed and dated by the owner or joint owner.
  • Via the Internet. Email address must be on file.

 

Bad Address:

When correspondence is sent to a member and the correspondence is returned to the credit union marked: NO FORWARDING ADDRESS/UNABLE TO DELIVER, an effort will be made to contact the member through one of the following means but not limited to:

  • Social security search
  • Loan applications
  • New account card/membership card
  • Employers
  • Relatives

A file will be kept on all correspondence returned for bad address. If a member cannot be located, the account will be coded bad address. If a member is located through our research, an address verification form will be sent to the member.

The procedure for address verification will be as follows: If a member cannot be located, a $5.00 per month bad address fee will be debited from the member’s account. This fee will be debited semiannually until the member notifies the credit union of their correct address.

A notice of this policy will be placed in the newsletter yearly and posted in the lobby of the credit union to encourage our members to keep the credit union informed of their correct address.

Your savings is federally insured up to $250,000.00 through the National Credit Union Administration, a U. S. Government Agency and backed by the full faith and credit of the United States Government. For More information, visit www.ncua.gov.

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