AFL–CIO Employees Federal Credit Union

From Wikipedia, the free encyclopedia
Jump to: navigation, search
AFL-CIO Employees Federal Credit Union
Type Credit union
Industry Financial services
Founded 1952
Headquarters Washington D.C., United States
Area served AFL-CIO employees and their families
Products Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets $76M USD
Website alfcioefcu.org

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 economic downturn of 2008 negatively impacted the credit union with large losses in the first half of the year.[3]

Membership[edit]

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.[4]

See also[edit]

References[edit]

  1. ^ AFL-CIO Employees Federal Credit Union profile. Credit Union Access.
  2. ^ Three Small Credit Unions, One Cost-Cutting Idea. Credit Union Journal. 22 April 2009.
  3. ^ Switzky, Bryant Ruiz. Financial crisis hits Washington-area credit unions. Washington Business Journal. 7 Nov. 2008.
  4. ^ AFL-CIO Employees Federal Credit Union Partners with Identity Theft 911. Business Wire. 10 July 2007.

External links[edit]