About Us

Columbus United Federal Credit Union began operations in 1949 as the Behlen Employee’s Credit Union. Membership was expanded to include Lindsay Manufacturing employees in 1984 forming the Behlen-Lindsay Employee’s Credit Union. Over the next couple years, several area businesses joined the credit union and a name change was needed to reflect our broad community base. In 1986 our name was changed to United Credit Union.

In 1990 the credit union received a federal charter and the name Columbus United Federal Credit Union.

In August 2001 a Community Charter was approved by the National Credit Union Administration (NCUA). Our expanded field of membership includes anyone who lives, works, worships or attends school in Platte, Butler, Colfax, Polk and Nance counties. The expanded field of membership allows a greater number of people in Columbus and the surrounding area to discover the advantages of Credit Union membership.

In 1949, the 39 original member-owners, formed the credit union with one goal in mind, “ To give people an opportunity to pool their resources and lend those resources to other members.” The same holds true today. The Columbus United Federal Credit Union is a financial cooperative dedicated to the philosophy of “People Helping People.”

Volunteers

Board of Directors
The Columbus United Federal Credit Union is governed by a seven member volunteer Board of Directors. Directors are elected by the members at the annual meeting and serve for a three-year term. The Board ensures that the credit union uses good business practices and maintains financial stability. They meet monthly to declare dividend rates, establish loan rates, approve membership applications, and review financial reports and set policies.

Supervisory Committee
The Board of Directors appoints the supervisory committee. The committee consists of 3 to 5 members, each serving a three-year term. The primary function of the supervisory committee is to audit the credit union’s operations and accounting records.

2012 Member Volunteers

Board of Directors      Supervisory Committee
Dan Fuchs Chairperson      Don Hey  Chairperson
Amy Blaser Vice Chairperson      Clint Jones  Member
Kaylene Luedtke Secretary      Tammy Orender  Member
Larry Andreasen Director   Bryan Ternus  Member
Miguel Godoy Director         
Jim Ludwig Director
Carl Seckel Director
   

 

Your Credit Union Deposits

are Federally Insured to at least $250,000

Credit unions remain a safe harbor for your savings and other accounts, despite economic woes, including the recent bank failures. Every credit union in Nebraska has federal deposit insurance just like FDIC insurance;  deposits are insured to at least $250,000 thanks to federal insurance—members' shares are backed by the full faith and credit of the United States.

There's no better time to be a credit union member.   No credit union member has ever lost a penny of federally insured deposits in a credit union. Virtually all credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), which insures savings of at least up to $250,000 per account. Certain retirement accounts such as IRAs and Keoghs benefit from additional coverage of up to $250,000.

What does share insurance coverage mean for you?

  • If you have more than one single-ownership account at the credit union, all those account balances are added together and insured in the aggregate, to the maximum of $250,000.
  • If you have a joint account at the credit union, that account is insured separately from your individual account up to the $250,000 level, provided each of you has personally signed an account signature card and each of you has a right of withdrawal on the same basis. Each individual's interests in all jointly held accounts are added together and insured up to $250,000;
  • If you have accounts at more than one insured credit union, you have coverage up to the full insurable amount in each credit union. If your credit union has one or more branches, the main office and all branch offices are considered as one credit union;
  • If you have a revocable trust account, such as payable-on-death, living trust, or testamentary account, insurance coverage for each account is up to $250,000 per owner for each qualified beneficiary; and

While IRAs and Keogh accounts are insured separately from non retirement funds, with each type insured up to $250,000, funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate up to $250,000. Coverdell Education Savings Accounts are treated as irrevocable trust accounts and added in with your other irrevocable trust account funds and insured separately up to $250,000.

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.

For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov