ELCA FCU

“…to use and share what God has given for the sake of all.”

That’s the definition of good stewardship, an integral part of the ELCA’s mission. The ELCA Federal Credit Union supports that mission by providing services and benefits to all of its members regardless of their socioeconomic status.

Are you new to credit unions? As the name suggests, credit unions provide services to groups that share a common bond, such as a church affiliation. They are like other financial institutions in that they accept deposits, make loans and offer other financial services.

But unlike those other institutions, credit unions are structured as financial cooperatives that serve their members, not shareholders. That means any profits the ELCA Federal Credit Union realizes –from interest payments on loans, for example–are returned to member/owners like yourself in the form of lower rates on loans, higher rates on savings, reduced fees and enhanced services.

The ELCA Federal Credit Union is regulated and federally insured by the National Credit Union Administration (NCUA) to the same levels as deposit insurance offered by the Federal Deposit Insurance Corporation (FDIC).