AP Federal Credit Union History
Join The AP Federal Credit Union Family
AP Federal Credit Union was chartered in 1956 for the employees of AP Parts Company. Today, AP services over 75 different employer groups. In 2004, AP’s charter was expanded to allow everyone who lives, works, worships, attends school or volunteers in Lucas County, Ohio to become a member.
Membership at AP Federal Credit Union means access to a wide variety of financial services and a level of personal attention that is seldom offered by financial institutions today. We are here to provide you with a safe, convenient place to save and obtain loans at reasonable rates. And, since AP is a cooperative, we are not owned by a company, by an individual, or by some distant corporation out to make a profit. Our members own the credit union, and they have a say in how it is run.
AP Federal Credit Union has grown and prospered because of a deep-rooted belief that people’s dreams can become real – when they work together.
As a Member, you enjoy the following:
Full Service Financial Institution
AP has savings, checking, loans of all types, credit cards, ATM cards, Debit Cards, Reloadable Debit Card, IRAs, Certificates, plus much more!
Your funds at AP Federal Credit Union are insured up to $250,000 by the National Credit Union Administration (NCUA). Individual Retirement Accounts (IRA) are separately insured for an additional $250,000.
Excess Share Insurance
AP Federal Credit Union also pays for Excess Share Insurance. Your accounts are also insured by ESI for an additional $250,000.
No Cost Insurance
Your beneficiary may receive up to $1,000 Accidental Death & Dismemberment insurance.
Why Choose AP – The Credit Union Difference
A Credit Union is a cooperative, not-for-profit institution chartered by the state or federal government, which is owned and controlled by its members and organized to promote thrift and provide credit to those who belong. A credit union may only serve members who share a common bond such as that of employment, community or organization. The profits go to the members/owners in the form of better rates and lower fees. You own your credit union – or at least a share in it – so you have a say in how it is run.
A Bank is a financial institution, chartered by the state or federal government, which accepts deposits and makes loans to people and corporations for a profit. That profit goes to the Shareholders.