About Credit Unions

Not-for-profit financial cooperatives

where members help members.

About Credit Unions

A Credit Union is a not-for-profit financial cooperative established to provide financial services to member/owners. Member/owners qualify to join the credit union by a common bond — employer, family, geographic region, industry, or similar affiliation.

Credit unions evolved from cooperative activities in Europe, with Friedrich Wilhelm Raiffeisen creating the first true credit union in Germany in 1864. French-Canadian journalist Alphonse Desjardins introduced credit unions to North America in early 1900.

If you would like more information about the benefits credit unions and CEFCU offer, please contact CEFCU.