BUTLER COUNTY TEACHERS FEDERAL CREDIT UNION Information

The Butler County Teachers Federal Credit Union was organized in February 1939 for the employees of the school districts of Butler County. In February 1969, the bylaws were amended to include the employees of Butler County Community College, in 1991 some of the Catholic schools of Butler County were included, in 2010 Penn Christian Academy was added and in 2013 we welcomed Longmore Academy of Mars. The above makes up our Field of Membership (FOM) schools. If your school is not yet included in our Field of Membership but you would like it to be, please contact BCTFCU. Due to the loyalty of our membership, the Butler County Teachers Federal Credit Union has grown to a financial institution of over 20 million dollars with 2,500 members and growing. At the annual meeting each January, the members elect directors to transact business for BCTFCU; each member has one vote. A credit committee, which is also elected at the annual meeting, judges the loan applications and the member's ability to repay the loan on the basis of information submitted, debt-to-income ratios, and credit reports. The board of directors meets monthly to transact credit union business while the credit committee meets at least once a week to vote on loan applications. Internal audits are conducted annually by the supervisory committee and also by a Federal Examiner.