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.

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.
You can visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.