Who We Are
The Gallatin Steam Plant Credit Union was chartered in 1957 to serve the financial needs of its members. Members are made up of annual employees of the Gallatin Steam Plant in Gallatin, Tennessee, and their families.
What’s So Special About Credit Unions?
Unlike other financial institutions, a credit union is owned and run by its members. Members make up the board of directors, who manage and elect the officers to handle the business and operation of the credit union. Members make up the credit committee which decides on loans that are made. Members make up the supervisory committee which makes sure the credit union is run correctly.
Are you getting the idea that it's the members who make the credit union special? That’s absolutely right! Our members are joined together by a common bond and will serve only our members. There are no outside stockholders. All net earnings after expenses are paid out to our members in dividends. That means your savings grow faster!
Is My Money Safe?
Federal credit unions are chartered under the terms of the federal credit union act and supervised by the National Credit Union Administration (NCUA). Your Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, A U.S. Government Agency.
Who May Join?
Gallatin Steam Plant Credit Union is open to annual employees of the Gallatin Steam Plant and their families.
Once you become a member of the credit union, your entire family is eligible to join:
Your children (married and single)
Members of their households
Your mother and father
Enroll your family at the time you join because...once you or they join, they can retain membership for life even if you or they change employment.
How to Join?
Simply fill out a membership card. A $25.00 deposit to your share (savings) account.
For your convenience, we have provided a downloadable Membership Application in Acrobat PDF format.