AFL–CIO Employees Federal Credit Union

AFL-CIO Employees Federal Credit Union
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 $53.599M USD
Website aflcioefcu.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. 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. 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.
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