About Us

Founded in 1935 by the employees of Warner Gear, WGE Federal Credit Union, now PrimeTrust Financial Federal Credit Union was started with the belief that there had to be a better way - a better way to save money and a better way to borrow money.

For over 76 years, PrimeTrust Financial has been giving its members just that - a place to turn to for all their financial needs; a place that is friendly and treats them with respect.

PrimeTrust Financial, the largest credit union based in Muncie and the 27^th largest in the State of Indiana, announced it has received approval from the National Credit Union Administration (NCUA) to become community-chartered in March 2011.  This new charter makes PrimeTrust Financial membership available to anyone who works, resides, worships, or goes to school in Delaware County.  It also opens the door to any business headquartered in Delaware County.

PrimeTrust Financial is recognized as a full-service financial provider for consumer and commercial services.  This includes checking, savings, Visa credit and debit cards, first mortgage and home equity products, personal loans, commercial deposit products, business checking, commercial loans, insurance and investment services, wealth management, as well as online banking and bill-pay services.

Jeff Sikora, President and CEO of PrimeTrust Financial FCU said, “This represents a major change for our Credit Union. Changing charters like this will insure the Credit Union remains a strong and viable cooperative well into the future. Consumers in Delaware County now have a new alternative for all their personal and business financial needs.”

Under the conditions of this change to its federal charter, PrimeTrust Financial FCU will no longer require a person, organization or business to be part of a qualifying source known as a Select Employee Group. Now a person or business only needs to meet one of the relationships with the defined community, in this case Delaware County, as outlined in the standard community charter regulations.

New marketing efforts are now underway to educate and generate awareness of this charter change and the advantages it brings to consumers and businesses.

Credit unions are unique financial institutions. The members are the owners, and PrimeTrust Financial is a not-for-profit financial cooperative. PrimeTrust Financial uses the deposits of its members to loan to its members. PrimeTrust Financial is governed by a volunteer Board of Directors, and we exist solely to service our members.

PrimeTrust Financial strives to offer higher dividend rates, lower borrowing rates, and services with little or no fees while maintaining a healthy financial status.

Find out why over 21,000 people have discovered that there is a better way to conduct their financial business. Become a PrimeTrust Financial member today.

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Mission Statement:

To be the primary financial institution for our field of membership by offering high quality, innovative services while maintaining financial strength through a caring, knowledgeable staff, and dedicated volunteers.

Seven Cooperative Principles for Credit Unions

1. Voluntary Membership
Credit unions are voluntary, cooperative organizations, offering services to members willing to accept the responsibilities and benefits of membership, without gender, social, racial, political or religious discrimination.

Many cooperatives, such as credit unions, operate as not-for-profit institutions with volunteer board of directors. In the case of credit unions, members are drawn from defined fields of membership.

2. Democratic Member Control
Cooperatives are democratic organizations owned and controlled by their members, one member one vote, with equal opportunity for participation in setting policies and making decisions.

3. Members' Economic Participation
Members are the owners. As such they contribute to, and democratically control, the capital of the cooperative. This benefits members in proportion to the transactions with the cooperative rather than on the capital invested.

In credit unions, which typically offer better rates, fees and service than for-profit financial institutions, members recognize benefits in proportion to the extent of their financial transactions and general usage.

4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If the cooperative enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the member and maintain the cooperative autonomy.

5. Education, Training and Information
Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of the cooperative.

Credit unions place particular importance on educational opportunities for their volunteer directors, and financial education for their members and the public, especially the nation's youth. Credit unions also recognize the importance of ensuring the general public and policy makers are informed about the nature, structure and benefits of cooperatives.

6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, state, regional, national, and international structures.

7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of communities, including people of modest means, through policies developed and accepted by the members.

These seven principles are founded in the philosophy of cooperation and its central values of equality, equity and mutual self-help. They express, around the world, the principles of human development and the brotherhood of man through people working together to achieve a better life for themselves and their community.

Copyright 2006 Credit Union National Association, Inc.