Baptist Health Credit Union is a not-for-profit financial cooperative that serves the financial needs of Baptist Health employees, their families, and other affiliated groups. As a credit union, it operates on the principles of member ownership, democratically controlled by its members, and focused on providing personalized financial services. With a history of serving the Baptist Health community, the credit union has established itself as a trusted financial partner, offering a range of products and services designed to meet the unique needs of its members.
History and Mission
Established in 1973, Baptist Health Credit Union was founded to provide financial services to the employees of Baptist Health, a leading healthcare provider. The credit union’s mission is to improve the financial well-being of its members by offering competitive financial products, personalized service, and financial education. With a strong commitment to its members, the credit union has grown to become one of the largest credit unions in the region, with assets exceeding $100 million and a membership of over 10,000 individuals.
Membership and Eligibility
Membership in Baptist Health Credit Union is open to employees of Baptist Health, their families, and other affiliated groups, including retirees and volunteers. To be eligible for membership, individuals must meet specific criteria, such as being an employee or volunteer of Baptist Health, or being a family member of an existing member. The credit union also offers membership to other select groups, including healthcare professionals and students in healthcare programs.
| Membership Category | Eligibility Criteria |
|---|---|
| Employee Membership | Current employees of Baptist Health |
| Family Membership | Spouses, children, parents, and siblings of existing members |
| Retiree Membership | Retirees of Baptist Health |
| Volunteer Membership | Volunteers of Baptist Health |
Products and Services
Baptist Health Credit Union offers a wide range of financial products and services, including checking and savings accounts, loans, credit cards, and investment services. The credit union’s product offerings are designed to meet the unique needs of its members, with features such as free checking, low-interest loans, and competitive rates on deposits. Additionally, the credit union provides financial education and counseling services to help members manage their finances and achieve their financial goals.
Loan Products
The credit union offers a variety of loan products, including personal loans, auto loans, mortgages, and home equity loans. Loan rates and terms are competitive, with features such as low interest rates, flexible repayment terms, and minimal fees. The credit union also offers loan protection services, such as credit life and disability insurance, to help members protect their loans in the event of unforeseen circumstances.
Key Points
- Baptist Health Credit Union is a not-for-profit financial cooperative that serves the financial needs of Baptist Health employees, their families, and other affiliated groups.
- The credit union offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment services.
- Membership is open to employees of Baptist Health, their families, and other affiliated groups, including retirees and volunteers.
- The credit union provides financial education and counseling services to help members manage their finances and achieve their financial goals.
- Baptist Health Credit Union is exempt from federal income tax, which allows it to offer more competitive rates and lower fees compared to traditional banks.
Financial Performance and Stability
Baptist Health Credit Union has consistently demonstrated strong financial performance and stability, with a net worth ratio of 10.5% and a delinquency rate of 0.5%. The credit union’s assets have grown steadily over the years, with a compound annual growth rate of 5%. The credit union’s strong financial performance is a testament to its prudent management and commitment to serving the financial needs of its members.
Regulatory Compliance
Baptist Health Credit Union is regulated by the National Credit Union Administration (NCUA), which ensures that the credit union operates in a safe and sound manner. The credit union is also subject to regular audits and examinations to ensure compliance with regulatory requirements. The credit union’s strong regulatory compliance record is a reflection of its commitment to maintaining the highest standards of integrity and transparency.
What are the benefits of joining Baptist Health Credit Union?
+As a member of Baptist Health Credit Union, you can enjoy a range of benefits, including competitive rates, low fees, and personalized service. You can also take advantage of financial education and counseling services to help you manage your finances and achieve your financial goals.
How do I become a member of Baptist Health Credit Union?
+To become a member of Baptist Health Credit Union, you must meet the eligibility criteria, which includes being an employee or volunteer of Baptist Health, or being a family member of an existing member. You can apply for membership online or in person at one of our branches.
What types of loans does Baptist Health Credit Union offer?
+Baptist Health Credit Union offers a variety of loan products, including personal loans, auto loans, mortgages, and home equity loans. Our loan rates and terms are competitive, and we offer loan protection services to help you protect your loans in the event of unforeseen circumstances.
