Family Trust Federal Credit Union
About Us
In 1957, seven employees of Rock Hill Printing and Finishing Company (RHP&F), a subsidiary of Lowenstein Corporation, applied for a federal credit union charter, and a new credit union was born. Throughout the 1960s, ‘70s, and ‘80s, the credit union grew and prospered, even during occasional difficult economic times. By the time the credit union’s original sponsor was sold in 1985, the credit union was positioned to meet the challenge with a newly expanded field of membership.
In 1988 the decision was made to change the name to Family Trust Federal Credit Union to better represent the growing membership. By the early 1990s assets were more than $50 million with three branch locations.
By the end of 2000, Family Trust assets exceeded $100 million, and a new community charter authorized the credit union to serve anyone that lives, works, worships, or attends school in York County.
Today, Family Trust represents over 32,000 members and has branches throughout York County. With a proud history and a location in one of the fastest growing economies in the Southeast, Family Trust plans to continue serving all of the people in York County.
What is a Credit Union?
A credit union is a not-for-profit financial cooperative that functions very much like a bank. However, unlike a bank, a credit union is cooperatively owned by its customers (called “members”), similar to the way an electric cooperative is structured. Think of a credit union as a group of people who pool their money to make loans, offer credit cards and other services, and pay dividends to themselves and other members.
What is the difference in a credit union and a bank?
A credit union exists solely for the benefit of its members. In fact, Family Trust Federal Credit Union’s primary function is to help bring about and then support the financial success of its members. Each deposit made is like buying shares of the credit union. Every member of a credit union has an equal vote to elect volunteer directors who are also members and who guide the operation of the credit union.
A bank, on the other hand, is owned by a relatively small number of stockholders who may or may not be customers of the bank and who select a board of paid directors. These stockholders invest their money hoping to receive dividends from profits and to make money when they sell their stock. So, a bank exists to earn profits for their stockholders.
Philosophy
Family Trust is now the only financial institution with a home base of operation in Rock Hill that serves all of York County . We have six convenient office locations, four in Rock Hill and two serving York and the western parts of the county. We also have future plans for a branch in the Clover / Lake Wylie area. Family Trust continues to grow to meet the needs of this growing and prosperous county.
Although our credit union looks somewhat like a traditional bank and we offer many of the same services, you’ll find that we are uniquely different in many ways. Family Trust is cooperatively owned by more than 26,000 member-depositors. Unlike the stock-owned banks, our chief objective is not for profits or increased value for a few stockholders. Our focus is not on the success of the credit union, but rather we are unconditionally committed to helping all credit union members achieve their own financial success. We believe that this will assure the ongoing success of Family Trust.
Names are important because they define who we are to the community. The name Family Trust is the perfect example. Trust is a powerful word that describes a relationship of the highest value. There are many levels of trust but there is none greater than the trust of your family. When all else is gone and others have failed you, you can always trust and depend upon your family. This describes the relationship that we seek with all of the members of our family at Family Trust Federal Credit Union.
If you are not already a member, then we invite you to join our family. Isn’t it time for you to come home to those you can trust? Come Home to Family!
Thank you for your interest and thank you for visiting our web site. We welcome your comments by call, visit or email.
Sincerely, Lee C. Gardner, CCUE President & CEO
Family Trust Mission Statement
“The mission of Family Trust is to help all the people of York County to achieve financial success.” In order to fulfill this mission, we must be uniformly committed to a set of core values that define how we treat our employees, how we serve our members, and how we serve our community.
Core Values of Family Trust Federal Credit Union:
To view the full version of our Core Values click here.
1. Excellence in everything
2. Highest reputation for ethics and integrity
3. Participation promotes ownership
4. Contented employees assure excellence in service
5. Helping others to succeed promotes universal success
6. Efficiency & productivity rewards everyone
7. Strategic planning is a model for management
Looking for a Career?
Please Join Us on Dec. 30th for our Career Fair Open House.
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