Welcome to the Iron Workers Federal Credit Union.
Our 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.
The purpose of credit unions is to provide credit and financial services at reasonable rates. A savings account is called a share account, a checking account is called a share draft account, and share certificates are known as share term certificates. The “share” is a reminder that everyone is an owner of the credit union.
Iron Workers Federal Credit Union was chartered in 1963.
Our goal is to help each member attain a strong and secure financial future.