What is a Credit Union?

As a credit union, Healthcare Financial Federal Credit Union is a member-owned, not-for-profit cooperative financial institution. Like all credit unions, we are formed to allow those in our field of membership to pool their savings, lend them to one another, and own this organization where they save, borrow, and receive related financial services. Our membership is united by a common bond and includes employees of any organization that maintains an affiliate relationship with Healthcare Financial Federal Credit Union, along with their family members. Our members also democratically operate the credit union under a federal charter.

How We Are Different

There are differences between a credit union and other financial institutions. Your credit union features:

  • Open and voluntary membership for employees, their immediate family, and household members.
  • Democratic control because every member in good standing is an owner as well as a voting member. Nondiscriminatory practices, once you are eligible, you are a member for life.
  • Outstanding member service, we focus on helping people. Not-for-profit status, earnings go back to members in the form of higher dividends, lower loan rates, fewer and lower fees, and products and services that count.
  • Building financial stability, because your future is our future. The international credit union philosophy of "People Helping People" extends to social responsibility and the ongoing education of members to help achieve their financial security now and for the future. Our ongoing commitment to cooperative principles translates into better service and better rates than what our for-profit counterparts offer.

15 Reasons Why You Should Only Bank at a Credit Union

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