Falls Paper Employees Credit Union was formed in July of 1962 by a group of employees of the paper mill, sharing a common bond, who were seeking a better means of savings and loans for themselves. At that time, the credit union was only made up of employees of the paper mill and their families. Over the years, other companies and individuals expressed interest in the credit union resulting in an expansion of the field of membership. Today, membership is open to anyone who lives or works in Brown, Shawano, Oconto and Marinette counties of Wisconsin, and Menominee county Michigan – and their families. (see Membership) These changes also resulted in a name change over the years to N.E.W. Credit Union.
As a member-owned, not-for-profit financial cooperative, N.E.W. Credit Union is committed to our members. We will uphold our fundamental responsibility to actively serve people within our field of membership, and as appropriate, the communities they live in. We will treat all members with respect and dignity and we will offer honest, fair deals to all members at all times. We will deliver a range of low cost products and services to the diverse economic and social make-up of our members and potential members. We will look for better ways to reach out to the under-served in our field of membership. We will continually, in all facets of operations, demonstrate the value of membership in N.E.W. Credit Union.
We will monitor and communicate our service to members in a meaningful way so that members, potential members, legislators, regulators, and the community at large will understand and appreciate the unique role that member-owned financial cooperatives play in their lives.
Throughout N.E.W. Credit Union's strategic plan, we will put forth every effort to enable our members to become financially self-sufficient and successful. We will place high importance on consumer education and the teaching of financial thrift.
This Statement of Commitment to Members is consistent with our credit union principles of "Not For Profit, Not For Charity, But For Service" and our philosophy of "People Helping People". This statement represents good business practices that ensure the financial strength of our credit union on behalf of our members.