AFL-CIO Employees Federal Credit Union
Encyclopedia
The AFL-CIO Employees Federal Credit Union is a multiple common bond, federally chartered credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 headquartered in Washington D.C. The credit union was founded in 1952 for members of the AFL-CIO
AFL-CIO
The American Federation of Labor and Congress of Industrial Organizations, commonly AFL–CIO, is a national trade union center, the largest federation of unions in the United States, made up of 56 national and international unions, together representing more than 11 million workers...

. It currently has two locations serving 9,723 members. AFL-CIO Employees FCU has assets of $76 million.

The economic downturn of 2008 negatively impacted 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
Office and Professional Employees International Union
The Office and Professional Employees International Union is a trade union in the United States representing 110,416 white-collar workers in the public and private sector....

 - Local 2, the United Food and Commercial Workers
United Food and Commercial Workers
The United Food and Commercial Workers International Union is a labor union representing approximately 1.3 million workers in the United States and Canada in many industries, including agriculture, health care, meatpacking, poultry and food processing, manufacturing, textile, G4S Security, chemical...

 - Local 400, the National Football League Players Association and the International Union of Painters and Allied Trades
International Union of Painters and Allied Trades
The International Union of Painters and Allied Trades is a union representing about 140,000 painters, glaziers, wall coverers, flooring installers, convention and trade show decorators, glassworkers, sign and display workers, and drywall finishers in the United States and Canada...

, District Council 51.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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