Compare These Top Vendors for Federal Employees' Credit Unions


Credit unions serving the financial needs of federal employees.
Bank of America Merrill Lynch

Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.

Bank of America Merrill LynchVisit www.benefitplans.baml.com

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401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401k Rollover

Business directory to 401k rollover information and advice.

www.business.com/finance/401k-rollover/
403(b) Plans

Resources and services for 403(b) plans.

www.business.com/finance/403b-plans/
Retirement Consultants

Retirement industry advisers and consultants.

www.business.com/finance/retirement-consultants/
Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

www.business.com/finance/retirement-plans/
401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

www.business.com/finance/401k/
Federal Employees Credit Unions

Source: /guides/federal-employees-credit-unions-7726/

Federal employee credit unions are an attractive benefit to offer your employees. As more and more companies are forced to cut many traditional employee incentives due to rising costs, offering memberships to a federal employee credit union can be a valuable incentive to bring aboard good, long-term workers. Read More »

Using Federal Employees' Credit Unions

Source: /guides/using-federal-employees-credit-unions-24902/

If you're new to the federal government, or are simply seeking employment there, you may not know about federal employee credit unions. It is best to take the time to learn though, since it could save you a lot of money. Read More »

Federal Employees' Credit Unions Basics


A federal government credit union is a not-for-profit financial institution that primarily serves federal employees. It's a way for these people to save money on financial services, particularly savings accounts and loans.

Federal employees' credit unions are also cooperatives, which means that those who hold accounts have "shares" in the credit union. This makes them able to vote for members of the board of the directors and even to run for a credit union office. Other unique aspects include:

1. Federal employee credit unions reinvest their profits in the credit union or offer them as dividends.

2. To join a federal employee credit union you have to be in a particular field of membership.

3. A federal employee credit union can operate in secured buildings or on military bases, making some branches inaccessible to the general public.

Learn about how a credit union for federal employees works

A credit union for government employees is a unique, but not exclusive, type of organization. It operates in the same way as a typical credit union. Thus, it's best to gain a good knowledge of credit unions in general.

Find out which agencies have a federal employee credit union

Just because you're a federal employee doesn't mean there is a government employee credit union available to you. It is up to each agency to start their own credit union or petition for membership in an existing one.
USA.gov to find a list of federal agencies and contact information. Or, if you already know where the agency is located, you can try the Credit Union National Association's locator tool. Just be aware that the name of the credit union may be different from the name of the agency. For instance, Tower Federal Credit Union serves employees of the National Security Agency.

Discover other ways to be a federal employees' credit union member

Just because some agencies lack credit unions for federal employees, this doesn't mean all federal employees can't be credit union members. There are lots of other ways to be eligible to join.
  • Membership in a federal employee credit union does not give you automatic access to credit union branches in secure areas. You still need the proper credentials.