The history of the Sylvania Federal Credit Union represents a growth and contribution to the Sylvania community that surpasses all expectations. SAFCU was organized by teachers of the Sylvania School system in the 1960's. Sylvania City employees joined Sylvania Area Federal Credit Union in the 1970's and the township of Sylvania joined Sylvania Area Federal Credit Union in the 1980's; in 2002 the Credit Union expanded to the community.
The Mission of Sylvania Area Federal Credit Union is to serve its members and their families in the Sylvania Community by providing outstanding personal, convenient, and competitive financial service while maintaining financial stability. If you live, work, worship, volunteer in the community or attend school in Sylvania, you can join. When you join the SAFCU, you're not just a member, you're part owner.
With our local office being a convenient location in downtown Sylvania, Ohio our staff is acquainted with the members of the credit union. We believe that our conversations with our members is the key to understanding what they want and need. Unlike a large corporation every member / part owner of the credit union is important and treated as such. Also we return our profits to the members by providing services at a more reasonable cost, above average rates on their funds and charge below average rates on loans.
When joining the Sylvania Area Federal Credit Union, every member becomes an owner when they make their first five dollar deposit into a share (savings) account. Owners of the credit union participate in electing board members from volunteers within the credit union membership. Hence these board members have your best interest in mind when making decisions. The board members work hard to provide services to members that are affordable and sometimes services can even be offered at no cost. Since the Sylvania Area Federal Credit Union is a non-profit organization our funds are pooled by members who have already paid taxes on their money. This pool of money is called a cooperative. This money is pooled for the common good and we donate to causes for the community.