(History and Philosophy)
Farm Bureau Family Credit Union was chartered in December 1933. Our mission is to serve the needs of our members in a friendly, prompt, and cost effective manner by developing new services and increasing membership within the employee base in the State of Michigan.
Our potential members are employees of the Farm Bureau Family of Companies, their family members, as well as Farm Bureau members and associate members statewide.
Unlike banks, credit unions are not-for-profit, mutually-owned and democratically controlled financial institutions. "Profits" are returned to the member in the form of higher dividends and lower rates on loans. Any excess income (after reserve requirements are met) is retained in undivided earnings. Since credit unions are not stock-issuing corporations and have no means of creating capital other than through retention of income, our undivided (retained) earnings serve as a cushion in lean years.
Credit unions are financial cooperatives. They are able to operate in a highly efficient manner (charging less and paying more) because they work closely with sponsors and are operated to a large extent with the use of volunteers. The Board of Directors, Supervisory and Credit Committees receive no pay. They dedicate time to the credit union movement because they believe in what credit unions are all about - people helping people. Credit unions have traditionally worked together for the common benefit of all members - sharing ideas, information and expertise.
Farm Bureau Family Credit Union
Office Hours are 8:15 a.m. to 4:30 p.m. Monday - Friday
Routing Number: 272482032
To report a lost or stolen debit card after CU is closed,
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA. a U.S. Government Agency.