About Bay Area Credit Union

How Bay Area Credit Union Began
Bay Area Credit Union, formerly known as Sohio Toledo Refinery Credit Union, was chartered by the state of Ohio on November 24, 1934. A group of forward-thinking individuals, employees of the Sohio Toledo Refinery, pooled their assets and set this credit union in motion. It started with 11 members and $70 in assets.

What is a Credit Union?
Credit Unions are different from any other financial institution as they are founded on democratic, cooperative principles. Credit Unions are not-for-profit and are owned and operated by the members they serve. Members elect, and may be elected to, the credit union board of directors, with each member having one vote.

Credit Union Uniqueness
  •One member, one vote
  •Owned and operated by members
  •Voluntary Board of Directors
  •Favorable rates and low-cost services
  •Dividends are paid to members - not stockholders

Our Statement of Commitment to You
Bay Area Credit Union continually demonstrates our dedication to serving our members. Read our Statement of Commitment to You.

Board of Directors
The Boards of Directors sets the overall direction of the credit union. Directors are elected by the membership, and serve in a voluntary capacity for 3-year terms.