United Nations Federal Credit Union
Encyclopedia
United Nations Federal Credit Union is a federal credit union
headquartered in Long Island City, New York, chartered and regulated under the authority of the National Credit Union Administration
(NCUA).
United Nations Federal Credit Union maintains two branch offices at United Nations Headquarters
in New York City as well as its own representative offices at major UN duty stations (Geneva
, Vienna
, Nairobi
and Rome
). Smaller UN duty stations are served by Liaison Representatives, who are volunteer members providing information on United Nations Federal Credit Union products & services.
. Membership in the United Nations Federal Credit Union is limited to
s, checking accounts, consumer loan
s, credit card
s, mortgages and home equity lines of credit, investments and insurance.
credit cards.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Long Island City, New York, chartered and regulated under the authority of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(NCUA).
Key data
The United Nations Federal Credit Union was originally incorporated in 1947. It currently has a membership of more than 88,000 members in 212 countries and territories spanning six continents, assets in excess of US$3.1 billion and employs a staff of 350 at its new headquarters in Long Island City, established in 2006.United Nations Federal Credit Union maintains two branch offices at United Nations Headquarters
United Nations headquarters
The headquarters of the United Nations is a complex in New York City. The complex has served as the official headquarters of the United Nations since its completion in 1952. It is located in the Turtle Bay neighborhood of Manhattan, on spacious grounds overlooking the East River...
in New York City as well as its own representative offices at major UN duty stations (Geneva
United Nations Office at Geneva
The United Nations Office at Geneva is the second-largest of the four major office sites of the United Nations...
, Vienna
Vienna International Centre
right|250px|thumb|Vienna International Centre . The [[UNO-City|Austria Center Vienna]] can be seen at the far left in the middle distance....
, Nairobi
United Nations Office at Nairobi
The United Nations Office at Nairobi is one of the four major UN office sites where several different UN agencies have a joint presence. The office complex is located in Nairobi, Kenya...
and Rome
Food and Agriculture Organization
The Food and Agriculture Organization of the United Nations is a specialised agency of the United Nations that leads international efforts to defeat hunger. Serving both developed and developing countries, FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and...
). Smaller UN duty stations are served by Liaison Representatives, who are volunteer members providing information on United Nations Federal Credit Union products & services.
Membership
As with all credit unions, membership in the United Nations Federal Credit Union is limited to individuals sharing the common bond defined its credit union charterCharter
A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified...
. Membership in the United Nations Federal Credit Union is limited to
- Employees and retirees of the United NationsUnited NationsThe United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
and affiliated agencies - Employees of the United Nations International SchoolUnited Nations International SchoolThe United Nations International School is a private international school in New York City. It was founded in 1947 by families who worked for or were associated with the United Nations. The school was founded to provide an international education, while preserving its students' diverse cultural...
- Employees of the U.S. Fund for UNICEFU.S. Fund for UNICEFThe United States Fund for UNICEF is the United States non-profit non-governmental organization that supports the United Nations Children's Fund . Founded in 1947 by Helenka Pantaleoni, it is the oldest of the 36 UNICEF National Committees that support UNICEF worldwide through fundraising,...
- Employees of the United Nations Child Care Center
- Employees of the United Nations FoundationUnited Nations FoundationThe United Nations Foundation started up in 1998 with a $1 billion grant from Ted Turner in order to support the United Nations in executing its programs worldwide. The creation of the Foundation was intended to encourage other donors to also support the UN in its activities...
- Employees of the United Nations AssociationUnited Nations AssociationThe United Nations Associations are non-governmental organizations that exist in various countries to enhance the relationship between the people of a member state and the United Nations, raise public awareness of the UN and its work, promote the general goals of the UN and act as an advisory body...
- American Employees of the UNHCRUnited Nations High Commissioner for RefugeesThe Office of the United Nations High Commissioner for Refugees , also known as The UN Refugee Agency is a United Nations agency mandated to protect and support refugees at the request of a government or the UN itself and assists in their voluntary repatriation, local integration or resettlement to...
- Family to a UNFCU member (includes spouses, parents, children, grandchildren, grandparents, brothers and sisters)
- Individuals who reside in and share financial responsibility of a household with a UNFCU member
Organization
The union is governed by a volunteer board of directors composed of current and former UN employees, elected by and from its membership.Services
United Nations Federal Credit Union offers the typical suite of account services offered by most financial institutions, including savings accountSavings account
Savings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money . These accounts let customers set aside a portion of their liquid assets while earning a monetary return...
s, checking accounts, consumer loan
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....
s, credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s, mortgages and home equity lines of credit, investments and insurance.
Additional Information
United Nations Federal Credit Union UNFCU to be first US financial institution to offer EMVEMV
EMV stands for Europay, MasterCard and VISA, a global standard for inter-operation of integrated circuit cards and IC card capable point of sale terminals and automated teller machines , for authenticating credit and debit card transactions.It is a joint effort between Europay, MasterCard and...
credit cards.