Mission Statement: To provide the highest level of personal financial services in a friendly, professional  manner; to encourage thrift, savings and the wise use of credit; to increase knowledge and ability of our members to manage and control their financial well-being; to provide sound financial management in order to maintain earnings for our continued growth and to provide our employees with a challenging and rewarding career.

 Nebraska Energy Federal Credit Union is governed by a nine member Board of Directors. Directors are elected by the members at each annual meeting and volunteer to serve three year terms. The Board is responsible for the general management of the affairs, funds, and records of the credit union. They meet monthly to determine savings dividends, loan interest rates, lending policies, and other business matters.

Elected officers of the Board include the Chair, Vice Chair, Vice Chair & Treasurer, and Vice Chair & Secretary.

The Supervisory Committee consists of three volunteers appointed by the Board. Their numerous responsibilities include designating a CPA firm to conduct quarterly audits, and verification of member accounts.

The Credit Committee is elected by the members at the annual meeting. The committee acts on loans referred by the loan officers and makes loan policy recommendations to the Board of Directors. Committee members volunteer to serve three year terms on an alternating basis.

All volunteers and staff are committed to providing an environment of prompt, professional service regarding member financial needs. It is essential credit union employees and volunteers maintain the confidentiality of the financial affairs and transactions of our members.

BOARD OF DIRECTORS

Ron Jones - Chairman
Walt Williams - Vice Chairman
David Rich - Vice Chairman/Treasurer
     Brian Kleveand - Vice Chairman/Secretary 
Tom Rudloff
Gary Westphal
Don Veseth
Don Muhle
Steve Petersen  

SUPERVISORY COMMITTEE 

Jenney Overhue
Doug Rieger
Jane Cline
Rebecca Behle
Randy Zach

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.
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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.
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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.
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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 $100,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.
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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.
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