And, more importantly, how can it help you get MORE out of life?
Ownership – BrightView Credit Union is owned by its customers, but instead of customers, we call them “members.” Other financial institutions have stockholders who own the institution. Our members are owners and “users” of BrightView. When an individual joins BrightView, part of their initial deposit is their “share” of ownership in the credit union. To be considered a “full share” member of BrightView, a member must have the “minimum share balance” on deposit at the credit union. This minimum share balance is the member’s money, not a joining fee or membership dues. The deposit of a full share in the credit union simply signifies that an individual is a full-fledged member and entitled to all the privileges and services membership provides. ENJOY MORE authority over your money.
Structure – The profits of a commercial bank are paid to the stockholders, which is why a commercial bank is referred to as a “for-profit” institution. BrightView Credit Union is referred to as a “not for profit” institution. Since there are no stockholders, excess profits are returned to the members in the form of reduced interest rates on loans, increased dividend rates on deposits, or low or NO charge for other services. ENJOY MORE benefits with Brightview.
Insurance – Deposits into a commercial bank are generally insured by the Federal Deposit Insurance Corporation (FDIC), an agency of the United States government, up to $250,000. Deposits in a credit union are insured by the National Credit Union Administration (NCUA) up to $250,000. The NCUA also is an agency of the United States government. Though they have different names, both agencies are backed by the full faith of the credit union and the U.S. government. ENJOY MORE deposit security.
Mission – The mission of BrightView Credit Union is to provide our members with quality, value-added financial services so they can ENJOY MORE. We pledge to:
- Provide the best, most modern financial products and services as reasonably possible.
- Ensure our staff handles your financial needs courteously and professionally.
- Maintain the financial strength of your BrightView Credit Union so we can meet members’ needs to ENJOY MORE for many years and generations to come.
History – The depression hit America in October 1929 and many businesses failed. Even in the financial industry, some 5,000 banks failed during the period from 1930 to 1932. However, during this same period of time, credit unions not only survived but thrived.
Then in 1950, the post-war economy was booming, and the population was exploding. On January 18, 1950, a group of employees of the Mississippi Employment Security Commission formally petitioned the Bureau of Federal Credit Unions for a charter to establish a credit union to serve the commission’s employees and their family members. By the end of that first year, the credit union had assets totaling $23,645, and by July 1971, the credit union reached the $1 million mark.
Today, we are BrightView Credit Union with over $30 million in assets serving employees and family members throughout the state of Mississippi.
Accessibility Statement – BrightView Federal Credit Union is committed to facilitating the accessibility and usability of all its digital properties, including “brightviewcu.com”, to the widest possible audience, regardless of technology or ability. We are actively working to increase the accessibility and usability and in doing so adhere to the relevant portions of the World Wide Web Consortium’s Web Content Accessibility Guidelines 2.0 Level AA (WCAG 2.0 AA), as its web accessibility standards and guidelines.
If you have specific questions or concerns about the accessibility of any web page owned by Brightview FCU, please contact us at [email protected]. Please be sure to specify the particular web page in your email, and we will make all reasonable efforts to make that page accessible for you or provide alternative solutions.