Organized in 1965, Local 606 Electrical Workers Federal Credit Union is a not-for-profit cooperative financial institution, owned by our members. Each member has one vote in elections, which are held annually in order to select members to serve on the Board of Directors. These volunteers represent various member companies, which in turn offer credit union benefits to their employees.
Once you join the Credit Union, you may remain a member for life, even if you leave your present job, retire, or move out of the area. Remember, "Once a member, always a member"!
Your deposits are fully protected at the Credit Union. All savings are federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). This fund is administered by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.
So, if you are considering membership in Local 606 Electrical Workers Federal Credit Union, please take the time to review our Web site. You’ll find that we offer a wide range of services designed to meet all of the financial needs for you and your family. WELCOME TO OUR FAMILY!
How are Credit Unions Different than Banks?
Many people do not understand what a credit union really is, and how it differs from a bank. A Credit Union is different than a Bank in that it is:
Local 606 Electrical Workers Federal Credit Union is a member owned, not-for-profit financial institution committed to providing superior member service while maintaining a solid financial foundation.
A Credit Union is "By the Members, and for the Members."