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Ukrainian Selfreliance Federal Credit Union

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Ukrainian Selfreliance Federal Credit Union
UKRFCU-Logo.png
Type
Credit union
ISIN🆔
IndustryFinancial services
Founded 📆1952
Founder 👔
Headquarters 🏙️Feasterville, Bucks County, Pennsylvania, Pennsylvania, United States
Area served 🗺️
Key people
  • Mary Kolodij(CEO)
  • Roman Petyk(Chairman of the Board of Directors)
Products 📟 Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets$350M USD (2018)
Members
Number of employees
🌐 Websitehttps://www.ukrfcu.com
📇 Address
📞 telephone

Ukrainian Selfreliance Federal Credit Union, also known as UKRFCU, headquartered in Feasterville-Trevose, Bucks County, Pennsylvania, is the 24th largest credit union in Pennsylvania..[1]. The credit union currently has has six branches in the Greater Philadelphia Area, and Trenton, New Jersey, and an additional 5,000 branches as part of the CO-OP Financial Services Shared Branching network.

History[edit]

The Philadelphia Federal Credit Union was established in 1952 with an original membership of 223[2] and initial deposits of $52,000. Since 1952, the Credit Union changed its name to the Ukrainian Selfreliance Federal Credit Union (UKRFCU) and has grown to over $350 million in assets and over 11,000 members[3]

The movement of establishing federal credit unions throughout United States by the Ukrainian immigrants started with the establishment of the Ukrainian Selfreliance Association in 1949[4]. In the next few years, many federal credit unions have been established all over United States by the Ukrainian community, otherwise known as the Ukrainian cooperative movement. Today, over a dozen Ukrainian American Credit Unions are operating with a combined asset size of $3.1 billion dollars and 100,871 members[5]

Membership[edit]

UKRFCU's field of membership is set by the National Credit Union Administration (NCUA). As with all credit unions, membership in Ukrainian Selfreliance Federal Credit Union in PA is limited to individuals sharing the common bond defined in its credit union charter. Membership in UKRFCU is limited to:

  • A family member (grandparent, parent, brother, sister, spouse or child) of a current UKRFCU member.
  • Member or Employee of the Ukrainian Educational and Cultural Center in Jenkintown, PA including members of the Ukrainian Library, Ukrainian Heritage School Students, and “Svitlychka” Nursery Student.
  • Student and Employees (Faculty and Staff) of Manor College in Jenkintown, PA.
  • Member and Employees of St Michael the Archangel Ukrainian Catholic Church located in Jenkintown, PA
  • A voting member of the Ukrainian-American Sport Center – Tryzub in Horsham, PA.
  • Employees and voting members of The Ukrainian League of Philadelphia in Philadelphia, PA.
  • Member and Employees of the Church of Evangelical Christians “Word of Life” in Feasterville – Trevose, PA.
  • A member of the Evangelical Pentecostal Church, Inc. in Huntingdon Valley, PA.
  • A former member of the Ukrainian Fraternal Credit Union in Scranton, PA.
  • A member of the Philadelphia Branch of the “Self Reliance” Association of American Ukrainians, Inc.

References[edit]

  1. Top 25 Credit Unions in Pennsylvania Credit Unions Online, December 31, 2018
  2. Lushnycky Ph.D., Alexander (2007). Ukrainians of Greater Philadelphia. Charleston, South Carolina: Arcadia Publishing Inc. p. 1958. ISBN 9781439634813. Search this book on Amazon.com Logo.png
  3. Official website of the Ukrainian Selfreliance Federal Credit Union 2018 UKRFCU Annual Report
  4. Elliott Robert Barkan (2013). Immigrants in American History: Arrival, Adaptation, and Integration. ABC-CLIO. ISBN 978-1-59884-219-7. Search this book on Amazon.com Logo.png
  5. Official website of the Ukrainian National Credit Union Association 2016 UNCUA Annual Meeting

External links[edit]

revised stats and added additional sources[edit]

This article "Ukrainian Selfreliance Federal Credit Union" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Ukrainian Selfreliance Federal Credit Union. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.