Welcome to the world of Food Lion Share Credit Union, where financial empowerment and community spirit collide. As a member-owned financial institution, we’re dedicated to providing exceptional financial products and services tailored to your unique needs. Get ready to embark on a journey of financial well-being with Food Lion Share Credit Union.
With a rich history and unwavering commitment to our members, we’ve consistently delivered financial solutions that empower individuals and families to achieve their financial goals. Our mission is simple: to be your trusted financial partner, providing you with the tools and resources you need to succeed.
Company Overview
Food Lion Share Credit Union is a member-owned financial cooperative headquartered in Salisbury, North Carolina. The credit union was founded in 1961 by a group of Food Lion employees and has since grown to serve over 200,000 members across North Carolina and Virginia.
Food Lion Share Credit Union’s mission is to provide affordable and accessible financial services to its members. The credit union’s vision is to be the financial institution of choice for its members, and its values include integrity, service, and community.
Financial Performance and Growth
Food Lion Share Credit Union has experienced strong financial performance and growth in recent years. In 2022, the credit union had assets of over $1.5 billion and a net income of over $10 million. The credit union has also been consistently recognized for its financial strength and stability by independent rating agencies.
Products and Services
Food Lion Share Credit Union offers a wide range of financial products and services to meet the diverse needs of its members. From traditional banking services to innovative financial solutions, Food Lion Share Credit Union has something for everyone.
The credit union’s product portfolio includes:
Checking Accounts
- Free checking with no monthly maintenance fees
- Interest-bearing checking accounts with competitive rates
- Mobile and online banking for easy account management
Savings Accounts
- Traditional savings accounts with competitive interest rates
- Money market accounts with higher interest rates and check-writing privileges
- Certificates of deposit (CDs) with fixed interest rates and terms
Loans
- Personal loans for a variety of purposes
- Auto loans with competitive interest rates
- Mortgage loans for home purchases and refinances
Credit Cards, Food lion share credit union
- Low-interest credit cards with rewards programs
- Balance transfer credit cards to consolidate debt
- Secured credit cards to build or rebuild credit
Investment Services
- Individual Retirement Accounts (IRAs) for retirement savings
- 401(k) plans for employer-sponsored retirement savings
- Investment advice and financial planning services
Insurance Products
- Life insurance to protect loved ones
- Disability insurance to protect income in case of disability
- Property and casualty insurance to protect assets
Membership and Eligibility: Food Lion Share Credit Union
Becoming a member of Food Lion Share Credit Union is easy and accessible to individuals and businesses.
To qualify, you must meet one of the following criteria:
- Live, work, worship, or attend school in the approved counties of North Carolina and Virginia.
- Be an immediate family member of a current member.
- Be an employee or retiree of Food Lion.
Types of Memberships
Food Lion Share Credit Union offers different types of memberships to cater to the needs of individuals and businesses:
- Individual Membership:Available to anyone who meets the eligibility requirements.
- Joint Membership:Allows two individuals to share an account.
- Business Membership:Designed for businesses of all sizes.
Fees and Charges
Membership with Food Lion Share Credit Union is generally free. However, certain account types or services may incur fees, such as:
- Monthly maintenance fees for some checking accounts.
- Transaction fees for using non-network ATMs.
- Loan origination fees for certain loan products.
It’s recommended to review the fee schedule for specific account types and services before applying for membership.
Financial Education and Resources
Food Lion Share Credit Union prioritizes the financial well-being of its members. To empower them, the credit union offers a comprehensive suite of financial education programs and resources.These programs and resources cover a wide range of topics, including budgeting, credit management, saving and investing, and financial planning.
They aim to equip members with the knowledge and skills necessary to make informed financial decisions throughout their lives.
Online Resources
Members have access to a wealth of online resources, including articles, videos, and interactive tools. These resources provide practical guidance and insights on various financial topics.
Financial Workshops and Seminars
The credit union hosts regular financial workshops and seminars, both in-person and virtually. These sessions are led by experienced financial professionals who share their expertise and answer members’ questions.
One-on-One Financial Counseling
Members can also schedule one-on-one financial counseling sessions with a certified financial counselor. These sessions provide personalized advice and support tailored to individual needs and goals.
Financial Literacy for Youth
Food Lion Share Credit Union recognizes the importance of financial literacy at a young age. They offer educational programs designed to teach children and teenagers about money management, saving, and responsible spending.
Food Lion Share Credit Union is committed to providing financial services to our members. We offer a variety of products and services, including checking accounts, savings accounts, loans, and credit cards. We also offer financial education and counseling to help our members make informed financial decisions.
If you’re looking for a credit union that can help you achieve your financial goals, Food Lion Share Credit Union is here for you. We’re proud to be a part of the buis food truck community, and we’re committed to helping our members succeed.
Community Involvement
Food Lion Share Credit Union proudly embraces its role as an active and engaged member of the local community. The credit union firmly believes in giving back to the communities it serves and is committed to making a positive impact through various initiatives and partnerships.
Food Lion Share Credit Union recognizes that its success is inextricably linked to the well-being of the communities it operates in. By actively participating in community-based programs and supporting local organizations, the credit union aims to foster a sense of shared responsibility and contribute to the overall growth and prosperity of the region.
Community Initiatives
Food Lion Share Credit Union’s community involvement initiatives encompass a wide range of activities designed to address local needs and priorities. These initiatives include:
- Financial Literacy Education:The credit union offers free financial education workshops and resources to help individuals and families improve their financial knowledge and management skills.
- Community Development:Food Lion Share Credit Union provides grants and loans to support affordable housing initiatives, community development projects, and small business development.
- Youth Programs:The credit union sponsors youth programs and scholarships to promote education, leadership, and financial responsibility among young people.
Community Partnerships
Food Lion Share Credit Union collaborates with a variety of community organizations to maximize its impact and reach. Some of the notable partnerships include:
- United Way:The credit union supports the United Way through employee giving campaigns and volunteerism.
- Habitat for Humanity:Food Lion Share Credit Union provides financial support and volunteers to assist with Habitat for Humanity’s mission of providing affordable housing.
- Local Food Banks:The credit union donates food and funds to local food banks to help combat hunger in the community.
Social Responsibility
Food Lion Share Credit Union’s commitment to social responsibility extends beyond its community involvement initiatives. The credit union operates in a sustainable and ethical manner, prioritizing environmental protection and responsible lending practices.
- Environmental Sustainability:The credit union has implemented energy-efficient practices in its operations and promotes environmental awareness among its employees and members.
- Responsible Lending:Food Lion Share Credit Union adheres to responsible lending practices to ensure that its members are not burdened with excessive debt.
Final Thoughts
At Food Lion Share Credit Union, we believe that financial success is a journey, not a destination. We’re committed to being there for you every step of the way, providing guidance, support, and innovative financial solutions. Join us today and experience the difference that a member-owned financial institution can make in your financial life.
