Originally chartered in 1949,
Ryder System Federal Credit Union is an independently operated financial resource. Membership is available to all Ryder System, Inc. employees, employees of affiliated companies, as well as their family and household members.
Ryder System Federal Credit Union was originally chartered in 1949 as the G. N. & T. Employee's Credit Union. Their first year of operation ended with 647 members and $123,642 in assets. In March 1954, the credit union changed its name to G. N. & R. Employee's Credit Union, to include employees of Ryder Truck Rental. In September 1956 the name again was changed to Ryder System Employee's Credit Union. In December 1959, the credit union changed from a state to a federal charter.
The first 25 years, Ryder System Federal Credit Union offered very few services other than share savings and certain type of loans. This resulted in below normal growth. In the mid to late 70's, as things turned around for Ryder, so did they for the growth of the credit union.
The credit union's growth can be attributed to the implementation of new loan and member services. These new product offerings enhanced the benefits to members.
Over the last decade, deregulation prompted credit unions to become full service financial institutions. Many credit unions expanded their field of membership to include other select employee groups. The majority of all credit unions are occupational or associational.
Federal credit unions are exempt from all taxes imposed by the United States, except for local, real and personal property tax.
Ryder System Federal Credit Union is a United States Corporation that is member-owned and not-for-profit, cooperative thrift institution formed for the purpose of encouraging savings by offering good returns, using collective monies to make loans at competitive interest rates to members, and providing other member services on a cooperative basis. This credit union is not unlike other single-sponsored transportation credit unions, wherein the sponsor provides a number of subsidies. It has enjoyed a very close partnership with its sponsor for over 54 years.
Ryder System Federal Credit Union is 8,500 members strong and are welcoming new members every month! Membership is available to all Ryder employees, employees of affiliated companies, as well as their family and household members. Membership in RSFCU allows you to take advantage of our competitive dividends on your investments, as well as our low rates on loans. Our sole purpose is to provide solutions for the individual financial needs of our members.
Unlike banks that are strictly profit-driven, the Credit Union returns excess earnings to our members in the following forms:
* High dividend rates paid on savings and investment accounts,
* Low interest rates on loans, and
* The addition of valuable new products and services.
Our products and services are designed to help you manage your personal financial affairs at the lowest possible cost. Because we are member-owned, our criteria for judging success is based on member satisfaction, not profits. Accordingly, our staff is committed to providing you the personal attention you deserve.
We invite you to become a part of our growing family of satisfied members to discover first-hand, the many benefits of Ryder System Federal Credit Union membership.
Business Hours
Monday through Friday 9:00 am - 4:00 pm
Saturday and Sunday Closed
Holidays
New Year's Day
Memorial Day
Independence Day
Labor Day
Thanksgiving Day
Day After Thanksgiving
Christmas Eve (1/2 day)
Christmas
New Year's Eve (1/2 day)
Board Members
Eugenio Sevilla-Sacasa, Chairman
Joaquin A. Alonso, Vice Chairman
Mukesh Jain, Secretary
Kenneth A. Glenn, Treasurer
James R. Barr, Director
Serge G. Martin, Director
Michael W. Pivowar, Director
Supervisory Committee
Mark S. Modas, Chairman
Manuel A. Alvarez, Member
Adam Johnston, Member
Management
Kenneth A. Glenn, President
Lourdes C. Navarro, Vice President & COO
Dania Duarte, Vice President
Your Money Is Safe
The safety of your money is an important consideration when you evaluate any financial institution. At the Credit Union, you can be assured that your money is secure. Each member's deposit accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.
|
