The benefits of membership in Honeywell Federal Credit Union are linked to the way we operate. We're different from other financial institutions, because we're owned and operated by our members.
At HFCU, the money you deposit is lent out to other members, and the money from other members is available for you to borrow. After operating expenses and reserve requirements are met, the remaining income goes back to every member in the form of lower rates on loans, higher earnings on savings and quality member service.
The Power of the Members The Board of Directors are members who serve voluntarily without pay and are elected by the membership. They govern HFCU by establishing and reviewing policy.
Each member owns an equal "share" in the organization. This gives every member the right to cast one vote in elections for the Board of Directors, regardless of how much he or she has on deposit. In turn, this ensures that no select group of shareholders profits more than anyone else, but all members profit individually and collectively.
Your Source of Financial Strength and Stability With over $250 million in assets, HFCU is your source of financial strength and stability. Your deposits are protected by strong capital reserves and backed by Federal Government Insurance. And we continually welcome the opportunity to serve your financial needs and demonstrate our superior level of service.
Apply Now to become a member and strengthen your financial opportunities, or call us at 612-951-1500 or toll-free 1-800-533-4004 to learn more.
