Cotton Belt Credit Union In Pine Bluff Arkansas
Cotton Belt Credit Union (CBCU) is a not-for-profit financial cooperative located in Pine Bluff, Arkansas, founded in 1935. Initially serving only the employees of the Cotton Belt Railroad, CBCU has since expanded its membership to include residents of Arkansas and surrounding states. With over 3,500 members and assets of more than $25 million, CBCU is committed to providing its members with affordable financial services.
The History of Cotton Belt Credit Union
Cotton Belt Credit Union was founded in 1935 by a group of Cotton Belt Railroad employees who were looking for a way to save money and get loans at reasonable rates. At the time, financial services were expensive and not widely available, especially to those who needed them most.
With the help of the Credit Union National Association (CUNA), the employees formed the Cotton Belt Credit Union, and it quickly became popular among the railroad workers. As the credit union grew, it expanded its membership to include anyone who lived or worked in Jefferson County, Arkansas, and eventually to all of Arkansas and surrounding states.
Services Offered by Cotton Belt Credit Union
Cotton Belt Credit Union offers a wide range of financial services, including:
- Checking and savings accounts
- Loans for cars, homes, and other needs
- Credit cards with low interest rates and no annual fees
- Online banking and bill pay
- Mobile banking with remote deposit capture
- Investment and retirement planning services
As a not-for-profit financial cooperative, CBCU is able to offer its members lower interest rates and fees than traditional banks. Members also have a say in how the credit union is run and can elect their representatives to the board of directors.
Membership Eligibility
Membership in Cotton Belt Credit Union is open to anyone who lives, works, worships, or attends school in the following counties:
- Arkansas County
- Ashley County
- Bradley County
- Chicot County
- Cleveland County
- Desha County
- Drew County
- Grant County
- Jefferson County
- Lincoln County
- Prairie County
Membership is also open to the following groups:
- Employees and retirees of Union Pacific Railroad Company
- Employees and retirees of the Arkansas Midland Railroad Company
- Employees of the Arkansas County Electric Cooperative Corporation
- Members of the Pine Bluff Arsenal Federal Credit Union
The Benefits of Joining Cotton Belt Credit Union
Joining Cotton Belt Credit Union has many benefits, including:
- Lower interest rates and fees than traditional banks
- Personalized service from friendly staff who are committed to helping members achieve their financial goals
- Access to a wide range of financial products and services designed to meet the needs of all members
- Opportunities to participate in the credit union's governance and elect representatives to the board of directors
- Online and mobile banking services that make it easy to manage your finances from anywhere
Conclusion
Cotton Belt Credit Union is a not-for-profit financial cooperative that has been serving members in Pine Bluff, Arkansas, and surrounding areas since 1935. With affordable financial services and a commitment to personalized service, CBCU is a great choice for anyone looking to join a credit union. To learn more about membership eligibility and the services offered by Cotton Belt Credit Union, visit their website or contact them directly.
