Mission Statement

To conveniently provide for the mutual benefit of our members, a broad range of financial services at competitive rates, in an efficient, professional and courteous manner.

The first credit union chartered in America is more than 90 years old.  Still going strong today, St. Mary's Bank in Manchester, New Hampshire, was chartered in 1909 following passage of the first credit union act in America (a federal credit union act would not follow until 25 years later in 1934).

Credit unions nationwide have survived it all - two World Wars, a Great Depression, the Savings & Loan crisis and most recently, attacks by the banking community that would threaten consumer's rights to choose   where they conduct their financial affairs.  In August of 1998, Congress passed House Bill 1151.  This bill guarantees that consumers still have the right to choose their own financial provider.  It also means that Lebanon Federal Credit Union will be here into the 21st century and beyond to continue our tradition of the best overall financial products delivered with the best service.

Since it's founding in 1969 as the Aluminum Workers Federal Credit Union, Lebanon Federal Credit Union has embraced the basic Credit Union philosophy.  We help our more than 13,000 members from more than 140 companies help each other by promoting thrift through attractive savings plans and by providing a convenient source of quick, economical credit.

All profits from loans and investments are returned to our members in the form of dividends (interest) after we have met our legal reserve requirements and set aside funds to provide additional member services.  The credit union doesn't profit; it's members do.

A Credit Union is a UNIQUE feature of the Credit Union volunteerism.  The Board of Directors are unpaid volunteers working to spread the Credit Union philosophy.  This helps to control the level of operating expenses while enabling the credit union to concentrate on service to it's members.