Savannah Schools Federal Credit Union

HISTORY: The Credit Union movement originated in Europe in the 1840s, migrated to Canada in the late 1800s, and finally came to the U.S. in 1909. Credit Unions are based on unique core values, the cooperative principles that set us apart:

MEMBERS, NOT JUST CUSTOMERS - you're a member / owner
DEMOCRATIC CONTROL - one member, one vote
SERVICE MAKES THE DIFFERENCE - smaller is better
"PROFITS" BELONG TO THE MEMBERS - used for the betterment of the entire membership

The Chatham County Teacher Association Credit Union received a state charter on March 17, 1954. After a federal charter was obtained, the name was changed to the Chatham County School Employees Federal Credit Union, and then again in 2003 to Savannah Schools Federal Credit Union to better reflect our member base. Our logo depicts strength, trust, and steering a careful course – with a nautical theme for Savannah, of course!

SSFCU was first housed in the vocational building on Bay St., then in a building in the school courtyard (now the BOE parking lot). When additional parking was needed, SSFCU moved back into the BOE building on the 3rd floor at 208 Bull St. We proudly opened our first branch at the corner of Mall Blvd. and Hodgson Memorial Dr. in 2003. The website was developed in 2004 and includes internet banking, BillPayer, check images, eStatements, and WebLoan. We are Ladies and Gentlemen waiting on Ladies and Gentlemen!

Credit unions are not-for-profit, member-owned financial institutions promoting thrift and the wise use of credit. We are democratically controlled by the membership, who elects the Board of Directors. A Supervisory Committee is appointed by the Board of Directors. Both are composed of volunteers, serving without salary.

“Profits” belong to the membership and deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF). This fund is an arm of our regulator, the National Credit Union Administration (NCUA), an independent agency of the United States government. Our story of SECURITY - INTEGRITY - SERVICE exists - it's in the loans we give families to buy homes; in the smiles we see as we help members out of debt; in the nest eggs we help members to grow; and in the relationships we build with our members and their families. People, not profits - the Credit Union difference!