A credit union is a not-for-profit, member-owned cooperative that serves the financial needs of groups of people with a common bond. In the case of the United Nations Federal Credit Union (UNFCU), that bond is a direct affiliation with our support of the United Nations.
Because a credit union is owned by its members and doesn’t have shareholders, its focus is on serving its members rather than maximizing corporate profits. That means that credit unions can often provide their members with more competitive rates and terms, and more tailored products and services, than traditional banks.
Credit unions, like other financial institutions, are closely regulated. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members up to USD 250,000.
While our first responsibility is to our members, part of being a cooperative movement means looking beyond our walls to serve a larger community. To this end, UNFCU supports humanitarian causes important to the United Nations community. The
UNFCU Foundation, launched by UNFCU in February 2015, funds projects that sustainably reduce poverty through healthcare and education, especially among women and children in developing countries and New York City.
At UNFCU, we are proud to serve the people who serve the world.