Homestead Federal Credit Union has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, the Homestead Federal Credit Union will continue a sound yet progressive asset management strategy and provide new and improved financial services to current and future members through membership input and management initiatives.
History and Structure
Homestead Federal Credit Union, formerly Freighters Federal Credit Union, was chartered in 1947. Our membership consisted of employees of Consolidated Freightways and their family members. We merged with Valley Motor Supply Federal Credit Union in November, 1993.
Homestead Federal Credit Union Statement of Commitment
As a member-owned, not-for-profit, full-family financial cooperative, Homestead Federal Credit Union is committed to our members. “People Helping People” is not just a philosophy, it is the way we conduct business. We will uphold our fundamental responsibility to actively serve our members with respect and dignity. We will be honest and fair in all dealings with members at all times. We will endeavor to provide a range of low cost products and services to better serve our diverse field of membership. We will continually seek ways to reach out to the un-served and under-served in our field of membership. We will demonstrate the value of membership in Homestead Federal Credit Union in all facets of operations.
We will monitor and communicate our services to members in a meaningful way, so that members, potential members, legislators, regulators, and the community at large will better understand and appreciate the unique role that our member-owned, not-for-profit, financial cooperative plays in their lives.
We will put forth every effort to enable our members to improve their economic well-being and become financially self-sufficient and successful while maintaining long-term financial stability. We will place high importance on consumer education and the teaching of financial thrift.
This statement is consistent with our credit union principles of “Not for Profit, Not for Charity, But for Service” and our philosophy of “People Helping People.”