What is a Credit Union  | Why Join a Credit Union  | Who can Join

We are located in the heart of San Francisco at 258 B Laguna Honda Blvd. which is between Clarendon and Plaza Streets. We are just down the block from the Forest Hill Muni Station and Laguna Honda Hospital. Our business hours are from 9 A.M. to 4:30 P.M. and we are open Monday thru Friday.

 

Our Visa Check Card can be used at any ATM displaying the VISA logo.  With our Visa Check Card you are able to make purchases anywhere VISA is accepted.

What Is A Credit Union? 
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.

Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.

What makes a credit union different from a bank or savings & loan? Like credit unions, these financial institutions accept deposits and make loans—but unlike credit unions, they are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments.
 
Why Join A Credit Union?
Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, more than 67 million Americans trust that their credit union will provide the services to improve their financial well being.

Credit union membership offers many benefits. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. Credit Unions also continually score higher than all other financial institutions in consumer satisfaction surveys.

Credit unions strive to deliver the best service possible to their most important asset - their members.

Who Can Join (Call for a membership packet: (415) 664-4313)
You and the members of your family may enjoy all the benefits of the CU memberhsip for life. When you open your account is the ideal time to open accounts for your eligible family members.

If you are eligible to join the S.F. Bay Area Educators CU, an account will be opened for you. In any event, you will subsequently be mailed an application and signature card to complete with your initial deposit of $25 plus a $5.00 non-refundable fee. And you are more than welcome to stop by the office in person. To determine if you are eligible for membership please review the following description of our field of membership:

• A member of United Educators of San Francisco (UESF); retired or active devision.
• An Educator or paraprofessional with the S.F. Unified School District; S.F. City College or a member of Office Employees Local 3.
• An Educator with San Mateo Community College District; College of San Mateo, Skyline College,or Canada and a member of AFT Local 1493.
• A family member/domestic partner of an existing SFBAE CU member.