About Hialeah Municipal Employees FCU
Hialeah Municipal Employees Federal Credit Union is a not-for-profit, cooperative financial institution serving its members since 1951 with a wide range of services to meet all their financial needs.
Our members are part owners and have a say in how the credit union is run. This fundamental principle is at the heart of our credit union’s success. Our board is comprised of individuals who have been elected by our members. These individuals generously volunteer their time and service. The active involvement of the credit union’s board and committees is the cornerstone of the credit union philosophy.
Field of Membership
Membership is open to all employees of the city of Hialeah, Florida; employees of this credit union; members of their immediate families; and organizations of the City of Hialeah.
Benefits of Membership
All accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.
As a member, you actually are a owner of the credit union. You have a vote in the elections held annually to fill positions on the voluntary Board of Directors and Supervisory Committee. Once you join the credit union, you are always a member, even if you leave your job, retire, or move out of the area. As long as you keep your account open, the full range of benefits are available to you.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your drivers license or other identifying documents.
Our Mission Statement
To provide financial solutions, competitive services and rates, and convenience while promoting the financial safety and soundness of this cooperative, making this the preferred financial institution of its member-owners.
The Credit Union Difference
How is a credit union different than a bank? Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.
Credit unions are owned and controlled by the people, or members, who use their services.
Credit unions operate to promote the well-being of their members.
The cooperative structure of credit unions creates a cycle of mutual assistance towards the common goal of the financial well-being of members.
Profits made by credit unions are returned back to members in the form of reduced fees, higher savings rates and lower loan rates.