Eastern Financial Florida Credit Union

Description

The credit union movement in this country began in 1934, when Congress created the National Credit Union Administration (NCUA). This federal agency provided the legal structure and framework under which credit unions could operate.Less than three years later, 10 employees of then fledgling Eastern Airlines affixed their signatures to a charter creating Eastern Airlines Employees Credit Union. This small organization was founded on the basic credit union philosophy of individuals pooling their financial resources for mutual benefit, not for profit.As Eastern Airlines Employees Credit Union grew and prospered, other companies and organizations were added to the charter. To better reflect the diverse membership of more than 900 Member Companies, the Credit Union changed its name to Eastern Financial Florida Credit Union. A tradition of sound, conservative management has allowed Eastern Financial to thrive for more than half a century, and even survive the demise of Eastern Airlines, its original sponsor.

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