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Patriot Act   (Section 326)

Applies to all new share (savings) accounts opened.

Chiphone Federal Credit Union has the right to:

1. Verify the identity of any person seeking to open an account.
2. Maintain records of the information used to verify the person’s identity.
3. Determine whether the person appears on any list of known or suspected terrorist organizations provided to the financial institution by any government agency.

Chiphone Federal Credit Union requires:

• Copy of photo identification, i.e., drivers license, state ID, school ID.
• Copy of Social Security Card.
• Verification from OFAC, the Office of Foreign Assets Control.
• Verifying documentary information through credit bureaus, on all draft accounts.
• Copy of right thumb-finger print.

Effective October 25th, 2002

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Membership Eligibility

To see if you qualify for membership, click on our list of Eligible Employee Groups. If you work at or are related to someone who works at one of these, you qualify.  If your company does not offer Chiphone Federal Credit Union, contact us and we will contact them.

Eligible Employment Group

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History

Chiphone Federal Credit Union was founded in December 1946 to meet the financial needs of the employees of Chicago Telephone Supply Company located in Elkhart, Indiana. Within the next three decades, the credit union grew to 4,500 members and 11 million in assets. This continual growth prompted the move to its current location at 1655 W. Beardsley Avenue.

During this time, Chiphone FCU began to merge several smaller credit unions and grew to over 16,000 members and 50 million in assets. Chiphone FCU opened its first branch operation in 1985 in Nappanee, Indiana. In an attempt to satisfy the financial needs of its growing membership, Chiphone FCU opened its second branch in Middlebury, Indiana. In 1995, Chiphone FCU joined the Credit Union Centers of North Central Indiana, Inc. The creation of these Service Centers provided two more locations for our members’ convenience.

Our first Elkhart North, partnership branch was open in February, 2004 with Michiana FCU a Division of Bayer Federal Credit Union.  Our second partnership branch on CR 17 opened July 10th, 2006.   Also in 2006, Chiphone became a Credit Union Outlet. Members from many credit unions can do their transactions at Chiphone.

Mission Statement

"Connecting with our members to provide quality financial services."

WORKPLACE SECURITY & ANTI-VIOLENCE POLICY

 Chiphone Federal Credit Union recognizes that the Credit Union’s outstanding reputation is due in large part to the loyalty, commitment and continued efforts of the Credit Union’s employees and volunteers.  In turn, the Credit Union is committed to maintaining and promoting a work place free from any type of abuse.

 In accordance with the Credit Union’s Workplace Security and Anti-Violence Policy, it shall be the policy of the Credit Union to strictly prohibit any threats or act of violence, harassment, intimidation, and other disruptive or abusive behavior by members, vendors or visitors on Credit Union premises or while conducting Credit Union business in person, or via the phone and/or the internet.  

 Ronald H. Mazur, CEO

Employment Opportunities

• Nothing available at this time.

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