Baptist Credit Union an asset for you
BR staff
December 14, 2009

Baptist Credit Union an asset for you

Baptist Credit Union an asset for you
BR staff
December 14, 2009

Since 1961 employees or family members of an employee of any

Baptist entity in North Carolina have been eligible for membership in the

Baptist Employees Credit Union.

The Credit Union is an expanding resource for North Carolina

Baptists. With $4.3 million in assets and more than 1,000 members, the Credit

Union is a member-owned service that offers higher savings rates and lower loan

rates than most banks.

Craig Snyder, who has 30 years of experience in banking and

credit unions, is the new director of the Baptist Employees Credit Union, with

offices in the Baptist State Convention of North Carolina staff building in


“We are non-profit,” Snyder says, to explain some of the

financial advantages of doing business with the Credit Union. “Unlike banks

whose intention is to get as much money out of you as they can, our intention

is to help you save as much money as we can.”

BR photo by Norman Jameson

Craig Snyder

The Baptist State Convention provides the Credit Union

office space, phone and utilities.

“The trend is heading up for credit unions as people are

less trusting of banks,” Snyder said. “People generally are looking for a place

where they feel they are a priority and not just a number.”

The Credit Union offers savings accounts, Christmas clubs,

IRAs, multiple loan products, direct deposit, financial counseling, long term

care products, debt consolidation and a credit card. It also offers financing

on vehicles that are older than a bank will typically finance, enabling a

member to buy an older, less expensive car.

“Right now, it’s kind of hard to borrow money at the bank

for any reason,” Snyder said. “We are a member owned organization and we

analyze the total picture for a member instead of just looking at a credit

score as lone determining factor.”

Call the Credit Union and you will talk with a real person,

likely Snyder himself or assistant Sherry Bowling, who has been with the Credit

Union 10 years.

“You’re not leaving a message for a stranger,” Snyder said.

“We handle our transactions through the mail and over the phone, with a quick


Snyder said new products the Credit Union will offer

next year include internet banking, debit cards, ATM service at more than 100

locations across the state, check writing and audio banking for those without a

computer. Just call the credit union and you will be able to initiate

transactions with audio prompts.

“We are rock solid and up and coming” Snyder said.

Call Snyder at (800) 395-5102, ext. 5660. Or write

[email protected] or visit www.ncbaptist/resources.