FRSA Credit Union

The FRSA Credit Union is a state chartered and federally insured financial cooperative which was founded in 1975 by a group of people who realized an advantage in pooling their resources. As a cooperative, the Credit Union is owned and operated by its members.

                                                   FRSA Credit Union Staff

          marissa                  lisa                   jessica
           Marissa Carter                            Lisa Blackmon                       Jessica Frazier

Benefits Of Membership

FRSA Credit Union members are part owners as well as members of the Credit Union. Their membership makes a difference in the level of service they can expect from this financial institution. The Credit Union provides a personal touch not found with profit-oriented organizations.

The Credit Union is a group of people sharing a common goal - to provide a place for members to "pool" their savings and provide one another with low cost loans.

The interest earned on these loans, in addition to other investments, covers the Credit Union's operating costs and the financial reserves required by state and federal law.

The remaining monies are returned to the members in the form of additional services, higher dividends on savings, and lower interest rates on loans.

Member-owners share in the profits and direct the policies of the credit union. They also elect the volunteer officials for the Credit Union from among fellow members.

Membership Requirements

Membership in this Credit Union is limited to those FRSA contractor and associate members in good standing; the owners, officers, partners and employees of those firms; employees of FRSA and its related entities and authorized representatives, spouses of deceased members; and members of the aforementioned families.

Types Of Loans Offered By The Credit Union

One of the major benefits of belonging to FRSACU is the eligibility for low cost loans. Members can apply for any of these loans from the moment their share (savings) account at the credit union is opened:

  • New or Used Auto or Truck
  • Home Improvement
  • Recreational Vehicle
  • Share Secured
  • Motorcycle or Boat
  • Personal
  • Equipment

For a detailed list of loan rates, hours of operation, and downloadable application forms, click Credit Union .

Pre-Approved Loans

Our pre-approved (PAL) Loans are available for almost any good purpose. A pre-approved loan lets a member know how much money is available before they shop, adds to their bargaining power, and encourages smart shopping.

Collateral And Signature Loans

Both collateral and signature loans are available.

Credit Union Membership

"Once a member, always a member". Once a person has joined, they may continue to enjoy credit union membership as long as they wish. They may change employers and still be able to take full advantage of the benefits your credit union has to offer.

Joining FRSA-CU

Individuals may become members of the Credit Union by opening a share (savings) account with a minimum of $52.00. Included in that amount is a $2.00 non-refundable, one time fee for joining. The other $50.00 will be refunded if they choose to close the account.

Members must keep a savings account with a minimum balance of $50.00 to remain a member.

"Pay Yourself First"

FRSACU makes saving money easy. Try the "Pay Yourself First" method with payroll deduction/direct deposit. If the member works for a FRSACU member company, they can have part of or all of their paycheck deposited to their savings account, or split their paycheck between savings and checking.

How Rates Are Set

The elected Board of Directors of the Credit Union set the interest rate based on credit union earnings and market analysis.

For more information, contact Marissa Carter or one of the
member service representatives at
(407) 657-7212