PROFILE:
Est. 1929
Headquarters: Minneapolis, MN
Assets of over $250 Million
Over 24,000 Members
65 full-time employees
3 Twin Cities Branch Offices
1 Kansas City Branch Office
11 Twin Cities ATMs
2 Kansas City ATMs

Honeywell Federal Credit Union is a federally chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. Accounts are insured up to $100,000 by the National Credit Union Share Insurance Fund, another agency of the U.S. Federal Government.



Discover the History of
Honeywell Federal Credit Union


Honeywell Federal Credit Union was originally chartered by a small group of Honeywell employees in Minneapolis, Minnesota. Today - over 75 years later - we continue to serve our members with a range of products and services. Our purpose is strong: "To be the chosen financial partner of our current and future members."

Take a look at how HFCU has grown with its members over the years:


1950 - 1969: Membership Growth

In 1954, after 25 years in operation, the Credit Union had grown to 4,745 members and nearly $800,000 in assets.

In 1957, members were introduced to payroll deduction as a new option for loan installment payments.

In January of 1965, the Credit Union went through its first name and identity change to become Honeywell Employees Credit Union.

1970 - 1989: Age of Automation

In 1973, the Credit Union became completely automated. A payroll deduction savings plan was introduced to the membership in 1975.

As of 1977, the Credit Union boasted just over 10,000 members.

In 1978-1979, retirees were added into the Credit Union's field of membership and the Credit Union grew to $20 million in assets.

In the 1980s, home equity loans and checking accounts were added to the Credit Union's list of available services.

1990 - 1999: More Technology and Growth

In 1990, the Credit Union added the Brooklyn Center branch office.

In 1992, to reflect changes occurring with the sponsor organization, the name changed from Honeywell Employees Credit Union to Honeywell/Alliant Techsystems Federal Credit Union. At that time, the credit union also went from state-chartered to federally-chartered credit union, regulated by the National Credit Union Administration (NCUA), an agency of the United States Federal Government.

In the late 1990s two additional offices were opened at the Honeywell Golden Valley office and the Honeywell Ridgway office.

In 1999, the name was changed to Honeywell Federal Credit Union.

2004 and beyond

Today, with assets over $250 million, HFCU is one of the largest credit unions in Minnesota. Our family of members includes employees of Honeywell, Honeywell subsidiaries and affiliates, their immediate family members and retirees. We currently serve over 24,000 members and offer a full range of financial products and services at affordable rates.









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