What’s a Credit Union?
Credit unions are co-operative, not-for-profit financial institutions organized to promote thrift, provide economical loans, and increase members' financial well-being. Credit unions are member-owned, and the members control the credit union through an elected Board of Directors.
Cascade Federal Credit Union (Cascade FCU, CFCU) is federally chartered, which is why "federal" is part of our name. For your security, we are regulated and examined by the federal government, and your deposits are insured up to $250,000 by the NCUA, an agency of the U.S. government.
More About Cascade Federal Credit Union
Established in 1952, Cascade FCU originally served employees of the Cascade Division of the Great Northern Railway. Through railroad mergers, the Burlington Northern Santa Fe developed, which is our largest employee group. In 1982, credit union regulations began allowing credit unions to serve additional employee groups.
Since 1982, over 125 employee groups joined Cascade FCU so that they can enjoy credit union benefits. In 1985, NC Machinery's credit union merged with CFCU. This diversification strengthened Cascade FCU, as we now have over $300 million in assets, and serve nearly 10,000 members.
Many of our employee groups participate in a "Representative Program." This means you may be able to obtain membership, loan, payroll deduction, and other application forms at your place of employment. Check with your personnel department or company benefits coordinator to see if your company participates in this program.