CU Info

Previous annual reports.

The 2021 Annual Report is available.

The 2020 Annual Report  is available.

HOLIDAY CLOSING:

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USE THE FOLLOWING WEBSITE TO LOCATE AN AVAILABLE SHARE BRANCH LOCATION:

https://www.co-opfs.org/Shared-Branches-ATMs.html

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EFFECTIVE, MONDAY, APRIL 17, 2023, THE CREDIT UNION WILL BE OPERATING AT THE FOLLOWING LOCATION: 

TANDEM FEDERAL CREDIT UNION

21043 MOUND ROAD

WARREN, MI 48091

CREDIT UNION HOURS: MONDAY – FRIDAY, 9:30 A.M. TO 4:30 P.M.

PHONE NUMBER:  (313) 926-5281

THE UNITY-LINE IS OPERATIONAL.  CREDIT UNION SERVICE CENTER LOCATIONS AND SHARED BRANCHES ARE AVAILABLE. 

  PLEASE VISIT THE BRANCH LOCATOR AT:  WWW.CO-OPCREDITUNIONS.ORG/LOCATOR

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International UAW Federal Credit Union invites you to join our 70+ years tradition of excellence in financial services. Here you’ll receive courteous and efficient service, a wide variety of low-cost loans and several types of NCUA-insured savings accounts.

International UAW Federal Credit Union is a not-for-profit financial cooperative owned and operated by members like you. Membership means:

• As an owner, you will receive a share of the credit union’s income.
• As an operator, you participate in annual elections to fill positions in our all-volunteer Official Family.
• If you change employment, retire or move away, under our policy “once a member, always a member,” you remain a member.
• Your entire family becomes eligible to join the credit union and enjoy the many benefits of membership once you join!

What is the credit union’s field of membership?
The credit union’s membership is made up of International UAW Reps, their staff and family.

What’s a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who owns a credit union?
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn’t operate in that manner. Rather, each credit union member owns one “share” of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary’s Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

Are savings deposits insured?
Yes. All savings accounts are insured up to $100,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.

Who can join a credit union?
A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a “field of membership.” The field of membership may include where they live, where they work, or their membership in a social or economic group.

Statement of Condition as of 01/31/2019

Assets

Equity

2014 Annual Report

2013 Annual Report

Electronic Fund Transfer Agreement (EFT)

VISA Application / Agreement