Credit unions are cooperative financial institutions that are owned and controlled by the members. Credit Unions are operated for the purpose of promoting thrift, providing credit at reasonable rates, and offering other financial services and assistance to the members. Credit unions are unique financial institutions that live up to the expression “not for profit, but for people.” Credit unions are comprised of members with a common bond, since member’s assets are pooled to provide loans and financial services for one another.
Each year credit union members elect volunteers to serve on the Board of Directors and Supervisory Committees. Board Members serve as representatives for their fellow members. They have a direct say in the overall direction of the credit union. The Supervisory Committee is the auditing body of the credit union. They ensure that the credit union follows security policies, along with reviewing internal controls and researching member complaints.
Credit unions differ from banks in a number of ways: Credit unions are not-for-profit cooperatives and owned by their members; other financial institutions are owned and controlled by outside stockholders. In addition, credit unions are operated by mostly volunteer boards, whereas other financial institutions are controlled by paid boards.
In Europe, the first credit union was started 1844. Then, in 1908, the first credit union in United States was originated. The credit union movement has been growing strong ever since.
At PrimeSource Credit Union we strive to provide our membership with the latest technology and strive to offer the best products and services available. We work to make careful and sound lending and investing decisions to protect our members and their capital. We are a conservatively managed, fiscally sound and independently operated financial institution. You are our most valuable asset. Please feel free to call us if you ever have any questions or concerns.
428 E. Third Avenue
Spokane, WA 99202
9707 N. Nevada Street
Spokane, WA 99218
9208 E. Sprague Avenue
Spokane, WA 99206
- Lobby: Monday – Friday: 9:00 am – 5:30 pm
Drive-Up: Monday – Thursday: 8:30 am 5:30 pm
Drive-Up: Friday: 8:30 am 6:00 pm
- Saturday: Valley Branch (Drive Thru Only; phones do not ring on Saturday): 9:00 am – 1:00 pm
PrimeSource Credit Union is committed to supporting various local charities. Throughout the year, our Community Committee and staff participate in several fundraising and volunteer opportunities. Volunteering is a rewarding experience and we are proud to help and support the needs of our community.
Second Harvest of the Inland Northwest
PrimeSource actively supports Second Harvest of the Inland Northwest. Throughout the year PSCU Cares 2 volunteers participate in fundraising, food drives and food sorting/packaging events. It’s great to know that our efforts help in providing food to people in our community.
PrimeSource CU & our membership help the Salvation Army in a variety of ways throughout the year. A couple of events include, the Salvation Army Backpack Drive, benefiting local kids, and the Adopt A Family program, helping underprivileged or at risk families.
Credit Unions for Kids
Credit Unions for Kids is a nationwide program that has generated more than $70 million for children’s hospitals. 100% of the funds raised here remain in the community for our local Children’s Miracle Network Hospitals.
Spokane Guild’s School
Spokane Guild’s School Foundation nurtures the full potential of families and their children with disabilities from birth to age three. The Guilds’ School Annual Penny Drive is a popular event that dynamically supports the Foundation and PrimeSource joined in to help.