Why American Heritage
Enjoy the benefits of being a Credit Union member and owner
American Heritage is a credit union, not a bank. Since we provide all of the same services and conveniences as a bank, take a closer look at what makes us different – and better! American Heritage will never be a faceless, business-first organization. We are a community of members. We live and work together. We are family.
We Charge You Less and Pay You More
American Heritage consistently has fewer and lower fees, lower rates on loans, and higher rates on savings than a bank.
American Heritage is a Not-for-Profit Organization
As a financial cooperative, our funding comes from the pooled accounts of our members. We use those funds and fee income to provide members with interest on their savings, new and improved services, and a wide range of loans.
Banks, on the other hand, are for-profit organizations. Their mission is to make the maximum amount possible on loans and fees, and pay the least possible on interest-bearing accounts, so that they can report a profit to their owners.
Since American Heritage is a not-for-profit, we are able to pay higher dividend, or interest rates on savings, money market and interest-earning checking accounts. At the same time, the interest rates we charge on credit cards and auto loans are lower: on average, they are one-half to one percentage points lower than conventional bank rates, which can add up to a lot of savings over the lifetime of a loan. Our Board of Directors are even volunteers, something you'll never see at a bank. Click here to meet our Board of Directors.
The Credit Union is Owned by You, our Members
As a credit union, American Heritage is owned by our membership. You have a say in how we operate. You and other members elect a volunteer board of directors to oversee the credit union. The American Heritage President/CEO reports to this board.
By contrast, banks are owned by investment stockholders. The directors of a bank are paid and are legally bound to make decisions that benefit the stockholders. The stockholders expect the bank to make money for them – not for the bank’s customers.
We are Dedicated to Your Financial Health
Managing your finances properly requires a combination of education about financial terms and practices and tips on how best to make the best decisions. American Heritage provides both for its members.
Your American Heritage representative will be happy to discuss any financial matter with you. Stop in any branch with your questions.
We provide a number of online resources, including mortgage calculators and interest rate charts. We also host seminars on finances both online and in the community. And we regularly publish newsletters and brochures with information to improve your financial smarts.
You Can Speak with our CEO
Our President & CEO, Bruce Foulke, wants to hear from our members. Read a special message from Bruce and learn how you can contact him directly here!
Our Value Proposition
We offer you the right financial solutions because you're family.
Our Mission Statement
Enhancing the lives of our members and the communities we serve by building trusted relationships