About Us

Funds on Hold
You may notice some items in home banking affecting the amount that is available for withdrawal from your account. For example, this might show a purchase you made with your debit card that hasn’t been posted to your account yet, or funds being held on a check you recently deposited at the teller line. This list could change often throughout any given day, and remember that other things, such as account freezes, can also affect your available balance.

For more information you can check out the Funds on Hold section of Online Banking Help.


Credit Union membership is a lifetime benefit. “Once a member always a member.” If you move, change jobs or retire, you’re still a valued member of the credit union.

Take advantage of this great benefit and decide to become part of the Besser Credit Union growing family. We pride ourselves on the exceptional service we give our members and believe we are unique in the little extra’s we provide. Upon approval of membership, you become a member/owner of the Credit Union, and are eligible to participate in all benefits available through the Credit Union. You can Apply For Membership Online.

Please see our Membership list on the Who Can Join page.

Who Can Join

Membership in this credit union shall consist of:


  • Individuals who live or work or worship in Alpena County, Michigan or in the townships of Krakow, Posen, Pulaski, or Presque Isle in Presque Isle County, Oscoda, Alcona, Montmorency, Michigan
  • Any person over the age of 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to a retirement organization located in the county or in a county contiguous to the county where the credit union’s main office or a branch is located.
  • Employees of this credit union
  • Members of the immediate families of the foregoing
  • Organizations, incorporated or otherwise, composed for the most part of the same general group making up the membership outlined above.
  • A spouse of a deceased member if elected to membership prior to remarriage.

Apply For Membership Online


What’s a Credit Union?

A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who owns a credit union?

Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn’t operate in that manner. Rather, each credit union member owns one “share” of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

How did credit unions start?

The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary’s Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

What is the purpose of a credit union?

The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

Are savings deposits insured?

Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.

Who can join a credit union?

A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a “field of membership.” The field of membership may include where they live, where they work, or their membership in a social or economic group.