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The AFL–CIO Employees Federal Credit Union is a multiple common bond, federally chartered
credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...
headquartered in
Washington, D.C. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...
The credit union was founded in 1952 for members of the
AFL–CIO The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a national trade union center that is the largest federation of unions in the United States. It is made up of 61 national and international unions, together r ...
. It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million. The most current annual report lists assets for Fiscal Year ending December 31, 2015, as $53.6 million. The economic downturn of 2008 negatively affected the credit union with large losses in the first half of the year.


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 The Office and Professional Employees International Union (OPEIU) is a trade union in the United States and Canada representing approximately 88,000 white-collar working people in the public and private sectors. It has members in all 50 US stat ...
– Local 2, the
United Food and Commercial Workers The United Food and Commercial Workers International Union (UFCW) is a trade union, labor union representing approximately 1.3 million workers in the United States and Canada in industries including retail; meatpacking, food processing and manufa ...
– Local 400, the
National Football League Players Association The National Football League Players Association (NFLPA) is the labor unions in the United States, labor union representing National Football League (NFL) players. The NFLPA, which has headquarters in Washington, D.C., is led by executive directo ...
and the
International Union of Painters and Allied Trades The International Union of Painters and Allied Trades (IUPAT) is a trade union representing about 100,000 painters, glaziers, wall coverers, flooring installers, convention and trade show decorators, glassworkers, sign and display workers, asbes ...
, District Council 51.AFL-CIO Employees Federal Credit Union Partners with Identity Theft 911.
''Business Wire''. 10 July 2007.


See also

* Amalgamated Bank of Chicago * The Union Credit Union


References


External links


AFL–CIO Employees Federal Credit Union website
{{DEFAULTSORT:AFL-CIO Employees Federal Credit Union Credit unions based in Washington, D.C. AFL-CIO Banks established in 1952 1952 establishments in Washington, D.C.