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Proudly Serving Lackawanna County Since 1963
Our History
Begins in the Electric City
About Us
Scranton Times Downtown Federal Credit Union traces its roots back to 1963 when our country was experiencing economic and social uncertainty. Our original field of membership began with the Scranton Times employees, as well as the employees of WEJL radio station and the Scranton Engraving Company. Many of our original sponsor company’s employees had lost their faith in banks, so they pooled their extra money together and allowed it to be borrowed at a low-interest rate. Hence, Scranton Times Downtown Federal Credit Union was born. The organization has continued to thrive over the years through the efforts of many volunteers who are dedicated to the credit union philosophy.
The Amalgamated Clothing and Textile Workers Credit Union merged with us in 1988. Also, the Lackawanna County FCU merged into the Scranton Downtown FCU in 2003. Employees of the County and their family members are eligible to join. Anyone who lives, works, worships, or attends school within Lackawanna county area is eligible to join the credit union, as well as all family members of the individuals.
We Are Built for Service, Not for Profit
Because we are a not-for-profit financial organization,
our success is measured by the level of member satisfaction, not the bottom line.
Our Core Values
1
Purpose
Our primary purpose is to promote thrift and provide a full range of financial services at fair and competitive rates while always maintaining our financial stability. Our Credit Union will maintain a constant awareness and openness to future programs and policies to meet the changing needs of our members while keeping in mind The Credit Union philosophy and concept.
2
Protection
We never lose sight of the commitment we have to ALL of our members – to protect the financial integrity of THEIR financial institution. As a federally-insured credit union, we are audited on an annual basis. We are proud that we consistently receive high ratings and represent the type of financial institution that our members can take pride in being associated with.
3
Growth
We constantly strive to improve both the quantity and quality of products and services available. We have never lost sight of our primary purpose, to deliver financial products in a prompt, professional and courteous manner.
Why Choose a Credit Union?
Sense of Community
Non-Profit Organization
Competitive Rates
New Technology
People who join a credit union do so because of a “common bond”, such as a place of employment, an organization, or a church group.
Unlike other types of financial institutions that must generate a profit for stockholders, credit unions are member-owned , not-for-profit, cooperative financial organizations.
We offer competitive dividend rates paid on savings and investment accounts and competitive interest rates on loans.
We offer Home and Mobile Banking,
Direct Deposit, and update our products and services frequently.
Our Services
In today’s complex financial world, our products and services are tailored to meet our member’s needs.
Savings & Investment Accounts
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Regular Share Savings Accounts Club Accounts (Christmas and Vacation)
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Individual Retirement Accounts (IRAs)
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Share Certificates
Your savings account is federally insured to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, a U.S. Government agency.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Click here to view the full HUD Statement.
MEMBER NOTICE: In case of disruption of service you can call the Main Office at 570-348-9192
Contact Us
Ready to join or have other questions? Please feel free to call or stop in during business hours.
Address
129 Penn Avenue
Scranton, PA 18503
Contact
Hours
Mon - Thu
Fri
9:00 am – 4:30 pm
9:00 am – 5:00 pm