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:
Credit Union Deposits are Safe
As a member at Healthcare Financial Federal Credit Union, you are an owner of our not-for-profit financial cooperative. Credit unions’ first priority is your financial success, and we focus on financial security.
Healthcare Financial Federal Credit Union was chartered 73 years ago, and we are committed to serving our community. You can be assured that your money is safe and sound at our credit union. We have an experienced team to serve you and answer any questions or concerns.
Credit union deposits in federally insured credit unions are safe and secure.
Federally insured credit unions offer a safe place for credit union members to save money. These deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.
Credit union members have never lost a penny of insured savings at a federally insured credit union.