How Can My Company Become A Credit Union Sponsor?

Becoming a sponsor is easy and hassle-free. In just four easy steps your employees will soon be able to reap the rewards of financial freedom. Select the size of your organization:

Organizations with more than 3,000 Employees

Step 1
Contact Necole Peralta, Member Relations Specialist, at (202) 366-8874 or email at necolepe@transfcu.org, to express an interest in our financial services.

Step 2
Write a letter of request to offer Credit Union membership. This letter should include:

• The groups’ desire to be added to the federal Credit Union’s field of membership.
• Nature of business or service you provide and number of employees
• The number of locations and the proximity of locations to the Credit Union
• Why the formation of a separate credit union for the group is not practical or consistent with safety and soundness standards
• Group’s primary locations are employees widely dispersed or concentrated in one location
• The demographics of the group, i.e. turnover rate, economic status, is the group borrowers or savers
• Marketing competition should outline the availability of other financial services
• The desired products and services that the group is looking for
• The extent of the group’s interest in supporting the Credit Union charter
• Employee interest in obtaining a Credit Union
• Group’s Subsidies includes the availability of operating subsidies
• Evidence of credit union failure, i.e. has the group previously had its own credit union or previously filed for a credit union charter
• Administrative capacity to provide the services requested
• Is the group eligible for membership in any other credit union? If so, documentation must be provided to support inclusion of the group under the overlap standards?
• Attached to the letter should be a most recent copy of the group’s charter and bylaws or equivalent documentation (for associational groups only).
  

Step 3
This information will be submitted to the Credit Union’s Board of Directors and the National Credit Union Administration for approval.

Step 4
Once you have been approved, TFCU will work with you to launch this new benefit to your employees. The Member Relations Specialist will continue to work with your organization to establish employee financial wellness.

For more information and to receive the TFCU Membership Benefits packet, please contact Necole Peralta at (202) 366-8874 or email at necolepe@transfcu.org.