Do you live, work, worship, attend school or have a business or other legal entities located in:
If so, you are eligible to join Riegelwood Federal Credit Union.
Once a member, always a member! Your membership will remain open for life as long as you remain in good standing as a RFCU member and keep your initial deposit of $25 in your savings account.
Membership with us is a family affair. Family members are an important part of our credit union, they can join and take advantage of all credit union benefits and services just like you!
In 1953 seven employees of Riegel Paper Board Company decided to start a cooperative credit union for themselves in Riegelwood, North Carolina. These seven employees encouraged others to begin saving money through a payroll deduction program the credit union provided.
The credit union assets started growing when members realized their savings could be loaned to other members as well as themselves as need arose. The members loved the cooperative concept to save money and loan to their fellow co-workers. Savers were earning a fair rate of saving dividends and borrowers were loaned money at lower rates of interest than their local bank.
One of the first loans made for a member of RFCU was to purchase a new washing machine. Members were thrilled to know they could help others by being a member of the credit union. The credit union philosophy of “People Helping People” was so true for members of Riegelwood Federal Credit Union.
The credit union that began with seven members in 1953 has grown to over 12,800 members as of 2018.
Riegelwood Federal Credit Union is a not for profit financial cooperative. We are governed by a member-elected board of directors that are all volunteers. RFCU’s policy of “once a member always a member” has been great for our retiree members. Meeting the needs of our credit union members has always been top priority along with extraordinary personal service.
The original purpose and philosophy of our credit union has remained the same. A credit union formed and supported by individuals with a common bond, making financial services available to each other through a cooperative effort.
Please keep in mind you can access your accounts 24/7/365 through Online Banking, Mobile Banking, and our CU Dial audio response system.