Joining PALCO
Unlike a bank, a credit union cannot offer its services to just anyone. You must share the common bond and be within its field of membership. Common bonds can center around employment, residence, or association. Our field of membership consists of the following:
  • Employees of one of our Select Employee Groups. (Complete list of Select Employee Groups)
  • Immediate family members of an employee of one of our Select Employee Groups. Immediate family members is defined as a spouse, child, sibling, parent, grandparent and grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive relationships. Additionally, household member eligibility applies to persons living in the same residence and who maintain a single economic unit. This includes any person who is a permanent member of and participates in maintenance of the household (for example, two people sharing an apartment would be considered a household). Additionally, the immediate family member of each household member who joins could also join because eligibility is then tied to the member.

Once you have determined eligibility, simply visit the Credit Union, open a savings account, and deposit $25. This makes you a member and eligible for all PALCO's great services. It is not a fee to join just a minimum required balance in your share savings account. This $25 must be maintained at all times to be in good standing.

Make the switch to PALCO easy with our Switch Kit Checklist! This checklist provides you with forms and contact information to change your direct deposits, online bill payees, and automatic payments to PALCO.
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