On October 8, 1935, seven individuals decided to pool their resources together and chartered a new financial organization called the United States Senate Employees Federal Credit Union. This financial cooperative was designed to exclusively serve Senate employees and a full service branch and operations center were located in the Senate Russell Building in Washington, DC. Nearly 50 years later the Credit Union’s membership had grown to over 15,000 and total assets had reached $35 million. In order to better serve its’ growing membership, the Credit Union moved to a new home in the Senate Hart Building. We expanded membership further as a result of merging with GAOFCU (General Accountability Office Federal Credit Union), DC Unemployment Federal Credit Union and ATAFCU (American Trucking Association Federal Credit Union). Subsequently our name was changed to United States Senate Federal Credit Union. Our Eisenhower Branch opened in 2002 to serve members in the Alexandria, Virginia area and in 2005 a Business Continuity/Call Center was established in Central Virginia. In 2010 USSFCU celebrated its 75th anniversary of serving its membership. We have grown to over 32,000 members and total assets in excess of $500 million.
As the field of membership grew, the name of the Credit Union was officially changed in July 1990 to the United States Senate Federal Credit Union (USSFCU). Assets continued to grow – increasing to $81 million. In 1992, USSFCU merged with the GAO Federal Credit Union. This merger increased assets nearly $4 million, added 2,700 new members, and a second full service branch was opened in the Government Accountability Office. In 1993, an operations center was opened in Alexandria, Virginia. As the Credit Union celebrated its’ 65th anniversary in 2000, assets reached $204 million, and membership grew to over 28,000. A third branch was opened in April 2002 on Eisenhower Avenue in Alexandria, Virginia. Solid growth continues today with assets of over $500 million and over 32,000 members. In July 2005, a new Business Continuity/Call Center was opened in Central Virginia to better assist members with account questions and to serve as a disaster recovery site in the event of an emergency. In October of 2010 the Credit Union celebrated its 75th anniversary. We launched our enhanced online banking CU AnyHour+ in 2012 along with Bank to Bank Transfer, Personal Financial Manager “My Finance” and Remote Deposit Anywhere™ (RDA). USSFCU Mobile (with RDA) was made available in 2013.
Financial success has provided the USSFCU with the opportunity to improve many systems and continuously introduce new products and services to members. The Credit Union now offers a variety of personal loans and lines of credit; a selection of auto and recreational vehicle loans as well as several auto buying services; home loans to include home equity lines, closed and open end home equity loan products and mortgages; diverse deposit and checking products; a choice of Visa™ credit cards; debit cards with rewards; prepaid and reloadable cards; foreign currency service; and so much more. USSFCU also provides members with advanced online banking, eStatements, web-based Bill Pay, remote deposit and mobile access via iPhone® or Android™ and shared branching for unlimited access to their finances from anywhere in the world 24/7/365.
Into the Future
Our dedication to helping our members reach financial success will remain steadfast. We will continually strive to offer the products and services that meet their financial needs, invest in the technologies that allow them access to their finances when they need it, and ensure that we offer competitively priced products and services well into the future.