AFL–CIO Employees Federal Credit Union explained

AFL–CIO Employees Federal Credit Union
Type:Credit union
Area Served:AFL–CIO employees and their families
Industry:Financial services
Products:Savings
checking; consumer loans; mortgages; credit cards; online banking
Assets:$53.599M USD
Foundation:1952
Location:Washington D.C., United States
Footnotes:9,723 members
Homepage:aflcioefcu.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 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. http://creditunionaccess.com/cu07992.htm AFL-CIO Employees Federal Credit Union profile.
  2. http://www.cunatechnologycouncil.org/news/2808.html Three Small Credit Unions, One Cost-Cutting Idea.
  3. Web site: 2015 Annual Report AFL-CIO Employees Federal Credit Union. www.aflcioefcu.org. en-US. 2017-04-25. https://web.archive.org/web/20170426063152/https://www.aflcioefcu.org/newslight/2015-annual-report/. 2017-04-26. dead.
  4. Switzky, Bryant Ruiz. Financial crisis hits Washington-area credit unions. Washington Business Journal. 7 Nov. 2008.
  5. http://www.accessmylibrary.com/coms2/summary_0286-31840815_ITM AFL-CIO Employees Federal Credit Union Partners with Identity Theft 911.

External links