About the Credit Union

York Educational Federal Credit Union (YEFCU) is a non-profit financial organization owned and operated by its members for the benefit of all who belong.

YEFCU was organized and founded in April of 1969. It is owned, supervised and managed through YEFCU members under a Federal Charter granted by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Our Mission Statement

York Educational Federal Credit Union is a not-for-profit cooperative that strives to improve the quality of life for each of its members by providing financial services, education and information which creates long term financial value for the member. Rooted in the spirit of — People Helping People.

YEFCU’s Operating Principals

  • Provide the highest quality financial products and services to our members.
  • Assist and educate members in making the best use of their financial resources.
  • Protect and manage members’ assets by using sound financial concepts.
  • Promote fair and equal treatment of members.

When you become a member of the Credit Union, you actually become one of the owners. Every year at the Annual Meeting you elect members to the Board of Directors, which sets all Credit Union policy and procedures. The Supervisory Committee is also appointed annually from the membership to regularly examine the Credit Union operations and insure compliance will all Federal laws and regulations.

Credit Union Profile

To provide the best services possible for our members, York Educational FCU maintains membership in the following organizations:

Credit Union National Association (CUNA)

Pennsylvania Credit Union Association

York Chapter of Credit Unions

CUNA & Affiliates, Inc.

Credit Bureau of York, Inc.

Filene Research Institute

York County Economic Alliance

Nation Credit Union Share Insurance

The National Credit Union Share Insurance Fund insures all our members’ share accounts up to $250,000 per account. Our member can rest assured that their money is safe with us.

NCUSIF Self-Directed Retirement Account Insurance

This account category includes IRAs and Keogh accounts. These accounts are insured separately from non-retirement funds, with each type insured up to $250,000. Funds in traditional IRAs and Roth IRAs are added together and insured in the aggregated to $250,000. For deposit insurance purposes, the Coverdell Education Saving Account is not considered an IRA, but is treated as an irrevocable trust account. Thus, your Coverdell funds will be added with any irrevocable trust account funds and insured separately up to 100,000.