The Jackson County Teachers Credit Union is a financial co-operative that exists for the benefit of its members and offers the most needed financial services at the most reasonable rates and terms possible to maintain the Credit Union's long term financial stability.
The board and staff pledge to treat members equally with respect to their financial needs regardless of their status.
Management goal is for the members to feel good about using the Credit Union for their financial services. Management feels if the members do not feel good about using the Credit Union for their financial services, the staff has not done their job correctly.
The member's satisfaction and well being is the number one priority of the Credit Union. The Credit Union was built on the foundation of people helping people.
"The vision statement of the Jackson County Teachers Credit Union is to become a convenient, technically advanced financial institution that can meet the everyday needs of our members by delivering a full range of financial products and services, competitively priced, while maintaining an environment of trust and personal service."
The credit union idea is a simple one: People should be able to pool their money and make loans to each other. It's an idea that evolved from cooperative activities in 19th century Europe. Since that time, the idea's guiding principles have remained the same:
- Only people who are credit union members should borrow there;
- Loans are made for "prudent and productive" purposes;
- A person's desire to repay (character) is considered more important than the ability (income) to repay.
Members are, after all, borrowing their own money and that of their friends. These principles still govern most of the world's credit unions. As the 20th century began, the credit union idea surfaced in Canada. Canada's successful efforts profoundly influenced two Americans: Pierre Jay, the Massachusetts banking commissioner, and Edward A. Filene, a Boston merchant.