A not-for-profit member owned financial cooperative with a common bond organized for the benefit of the members. The Board of Directors consists of volunteers taken from the membership. There are no stock holders.
First, a credit union is owned and operated by the people (members) they serve. Second, credit unions are non-profit organizations, formed and managed by members who want to have more control over their financial destiny.
When you join FAFCU, you automatically become a shareholder. The earnings of the Credit Union are used to pay dividends, cover the cost of operations, build reserves and to provide reasonably priced financial services.
Yes! Credit unions are closely regulated and insured up to a minimum of $100,000.00 by the National Credit Union Administration (NCUA), the strongest of all federally insured agencies of the Federal Government.
Employees of the wholly or majority owned subsidiaries of the First American Corporation who work in the United States of America, as well as their spouses and the spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired as pensioners or annuitants from the above employment; members of their immediate families; and organizations of such persons my all join FAFCU as members.
Once a member, always a member. The benefit of membership in the credit union is extended to you for life. As long as your membership account with the credit union is in good standing and is not closed, you will remain eligible for all our services.
Follow these simple steps:
Deposits can be made by direct deposit, by mail, by courier or through any depository ATM machine that displays the Star or Co-op logo. Withdrawals can be requested by phone (and will be mailed to you the same day), by signed letter or fax, by direct debit to your account or any one of thousands of ATM machines all over the world.
Also FASTLINE, our toll free automated line, is available 24/7 all 365 days of the year (you must be enrolled to use the FASTLINE). Our toll free number for Santa Ana is (800) 854-3643 ext. 3800. Our toll free number for Westlake, Texas is (800) 229-8426. You can email us at fafcu@firstam.com.
We offer most of the services that you can find at any full service financial institution, including: checking accounts, savings accounts, money market accounts, certificates of deposit, IRA accounts, home equity loans, auto loans, credit cards and lots more. To access your account we have ATM cards, Visa Check Cards, the FAST LINE, email statements, and all the traditional methods.
We do not charge our members a surcharge; however other financial institutions may charge you a fee to use their ATM machines. To avoid surcharges look for an ATM machine that has the "Coop" logo or the "Surcharge Free" logo.
MORE QUESTIONS...
Just pay the $1.00 membership fee and deposit $5.00 from each paycheck until you reach the $50.00 minimum balance. If you do it by direct deposit you won't even miss it!
Definitely. We accept direct deposits from companies that can initiate them.
Certainly. Any merchant with your authorization and account number can send a charge to your account.
Keeping your financial information secure is an important responsibility that we take very seriously. We value your trust and handle your information with care. Our policies and procedures emphasize the importance of keeping our member's information confidential. Not only is this our policy, but sharing your information with anyone not unauthorized is strictly against the law.
The minimum balance to retain account services is $50.00. If your balance falls below $50.00 you will be sent a notice that you must make a deposit. You will not be eligible for loans, a checking account or other services if you do not have $50.00 in your account.
The rate on your loan will be based on your FICO credit score and the type and term of the loan. Check the Rate Update on our website for our current rates. We publish a new one monthly even if the rates haven't changed.
We run all prospective members through Telecheck or Check Systems. If you have previously written bad checks that have not been made good you may be denied a checking account. You will still be able to open a savings account and apply for loans.