Credit Unions are non-profit, member-owned cooperative financial institutions. Unlike for profit financial institutions, credit unions are owned entirely by their member depositors, and are guided by a volunteer Board of Directors elected by and from its membership. Being a member of the Credit Union means you have a choice, a voice, and a vote. YOU decide on issues affecting YOUR credit union.




Fremont First Central Federal Credit Union is a community federally chartered Credit Union. The community charter means businesses as well as those who live, work, worship or attend school in Dodge or Saunders counties as well as Douglas County west of the Elkhorn River can join the Credit Union. This includes all of Fremont, Valley, and Waterloo.


Fremont First Central Federal Credit Union is a Federally Chartered Credit Union under the laws of the United States. The Credit Union began operations in 1953 serving the employees of George A. Hormel Company and was chartered under the State of Nebraska. In October 1986 the Credit Union changed to a federal charter and changed the name from Fremont Hormel Employees Credit Union to Fremont First Central Federal Credit Union.


“Our members are our owners,” said Scott Winkelmann, President of Fremont First Central FCU, “and we try to treat them that way.”



Not a Member? You could be, simply stop by or call 402-721-5368



In general, Credit Unions provide many of the same services that banks provide. Services such as Checking/Savings accounts, auto loans, mortgages, etc. But that is where the similarities end.


Credit Unions are not-for-profit financial institutions that are in business solely for the benefit of their members. Banks are for-profit financial institutions that are in business to bring in profits for a few shareholders of the bank.


Credit Unions are owned by YOU, the members. Whereas Banks are owned by their shareholders and not by their customers.


Credit Unions are directed by a volunteer Board of Directors who are elected by the entire credit union membership with each member having one vote. Banks are run by a small number of shareholders who reap the profits of the bank’s activities.


The Credit Union structure allows the credit union to make loans to members that for-profit banks will not make because they’re in the business to make a profit. Credit unions offer lower loan rates, higher deposit rates, and fewer and lower fees to their members. In fact, did you know that Nebraska’s Credit Unions saved their members more than $60 MILLION through higher deposit rates, lower interest rates, and fewer fees?


Discover the Credit Union difference and encourage your friends and family to do so as well. You will be glad you did.