AFL–CIO Employees Federal Credit Union

AFL–CIO Employees Federal Credit Union
Company typeCredit union
IndustryFinancial services
Founded1952
HeadquartersWashington D.C., United States
Area served
AFL–CIO employees and their families
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
Total assets$53.599M USD
Websiteaflcioefcu.org
Footnotes / references
9,723 members

The AFL–CIO Employees Federal Credit Union is a multiple common bond, federally chartered credit union headquartered in Washington, D.C. The credit union was founded in 1952 for members of the AFL–CIO. It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million.[1][2] The most current annual report lists assets for Fiscal Year ending December 31, 2015, as $53.6 million.[3]

The economic downturn of 2008 negatively affected the credit union with large losses in the first half of the year.[4]

Membership

Employees of the AFL–CIO are eligible for membership in the credit union as are employees of affiliated AFL–CIO International Unions, constitutional departments of the AFL–CIO, and state or local central labor bodies. Eligibility is also extended to members of the Office and Professional Employees International Union – Local 2, the United Food and Commercial Workers – Local 400, the National Football League Players Association and the International Union of Painters and Allied Trades, District Council 51.[5]

See also

References

  1. ^ AFL-CIO Employees Federal Credit Union profile. Archived 2006-05-22 at the Wayback Machine Credit Union Access.
  2. ^ Three Small Credit Unions, One Cost-Cutting Idea. Credit Union Journal. 22 April 2009.
  3. ^ "2015 Annual Report | AFL-CIO Employees Federal Credit Union". www.aflcioefcu.org. Archived from the original on 2017-04-26. Retrieved 2017-04-25.
  4. ^ Switzky, Bryant Ruiz. Financial crisis hits Washington-area credit unions. Washington Business Journal. 7 Nov. 2008.
  5. ^ AFL-CIO Employees Federal Credit Union Partners with Identity Theft 911. Business Wire. 10 July 2007.