The Bristol Press – First Bristol Federal Credit Union, a not-for-profit organization, provides quality banking and service to the community

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BRISTOL – First Bristol Federal Credit Union is a not-for-profit financial institution that provides quality banking services to the community.

Peter Kelley, business development manager for the credit union, said that because credit unions are not-for-profit, they provide personalized and more member-focused service than for-profit banks.

“The way I describe credit unions is a softer, softer version of banking,” Kelley said.

Like many other credit unions, First Bristol Federal Credit Union is owned by the people who are members, which is why Kelley calls them “members.”

“We call people who are members of credit unions instead of customers because they really are members. They own it,” Kelley said.

Founded in 1935, First Bristol Federal Credit Union is the oldest continuously operating financial institution in Bristol. It was originally called Bristol Teachers‘ Federal Credit Union before it started offering its services to everyone in Bristol.

Credit unions generally limit their membership to people who share some sort of common bond. Currently, First Bristol Federal Credit Union is only open to people who work, live, worship or go to school in Bristol, but Kelley said she may expand her membership eligibility again. ‘to come up.

The credit union offers many services, such as auto loans, mortgages, personal home equity, and shared secured loans. It also offers an online banking application for the convenience of its members.

“We offer just about any product that any bank offers,” Kelley said.

Kelley said everyone who works at First Bristol Federal Credit Union really cares about providing their members with great service, and he thinks members can feel it.

“A lot of people who have belonged to credit unions for a while wouldn’t want it any other way. There’s a level of comfort with them that you don’t get with banks,” Kelley said.

For more information about First Bristol Federal Credit Union, call 860-584-0956 or visit firstbristol.org.

Posted in The Bristol Press, Bristol on Tuesday, January 18, 2022 10:59 AM. Updated: Tuesday January 18, 2022 11:01.
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