Question 1

What is CDC Federal Credit Union (CDC FCU)?

Accepted Answer

CDC Federal Credit Union (CDC FCU) is a full-service federal credit union headquartered in Atlanta, Georgia. With over $435 million in assets and more than 23,000 members, CDC FCU serves individuals and families in portions of DeKalb, Fulton, and Gwinnett Counties, along with employees of the Centers for Disease Control and Prevention and over 100 select employer groups. Originally founded to serve CDC employees, the credit union has expanded its membership base while maintaining its core mission of providing superior financial services with lower loan rates, higher deposit rates, and fewer fees than traditional banks.

Question 2

When was CDC Federal Credit Union (CDC FCU) founded?

Accepted Answer

CDC Federal Credit Union was chartered on March 1, 1949, during a time when remnants of the Great Depression still influenced American workers' financial concerns. Employees at the Centers for Disease Control and Prevention established the credit union to create a safe and reliable place to keep their money. Founded on the philosophy of "people helping people," CDC FCU was designed to be democratically run by its members, creating a financial institution for the people, by the people.

Over the past 75+ years, CDC FCU has grown from a small employee-based credit union to a community-focused institution serving over 23,000 members with more than $435 million in assets.

Question 3

Where is CDC Federal Credit Union (CDC FCU) headquartered?

Accepted Answer

CDC Federal Credit Union is headquartered at 2301 Parklake Drive NE in Atlanta, Georgia. The credit union operates multiple branch locations throughout the Atlanta metropolitan area to serve its members.

Question 4

Where does CDC Federal Credit Union (CDC FCU) operate?

Accepted Answer

CDC FCU primarily operates in the Atlanta metropolitan area, serving individuals who live or work in portions of DeKalb, Fulton, or Gwinnett Counties in Georgia.

Membership is also open to employees, subsidiaries, affiliates, or contractors of the Centers for Disease Control and Prevention, as well as employees of select employer groups including Children's Healthcare of Atlanta, American Cancer Society, Whole Foods, and over 100 other organizations. Relatives of existing members are also eligible to join.

Question 5

What services does CDC Federal Credit Union (CDC FCU) offer?

Accepted Answer

CDC FCU provides a comprehensive range of financial services to meet members' needs:

Deposit Accounts: Share savings accounts, checking accounts with no monthly fees, money market accounts, and certificates of deposit with competitive rates. The credit union also offers Next Generation accounts designed as first accounts for children.

Lending Services: Auto loans, personal loans, holiday loans, mortgages, home equity lines of credit, and Visa credit cards. The credit union is known for offering lower interest rates on loans compared to traditional banks.

Digital Banking: A secure mobile banking app for iOS and Android devices featuring account balance checks, fund transfers, bill pay, mobile check deposits, Zelle money transfers, ATM and branch locators, and 24/7 account access. Members can manage their accounts from anywhere with online banking platforms.

Financial Education: Free financial literacy workshops and educational resources to help members make informed financial decisions and improve their money management skills.

Question 6

What makes CDC Federal Credit Union (CDC FCU) unique?

Accepted Answer

CDC FCU stands out through its commitment to member-focused service and community impact. As a not-for-profit cooperative, the credit union prioritizes members' financial health over Wall Street profits, returning value through lower loan rates, higher deposit rates, and fewer fees.

The credit union has strong ties to the public health community through its original affiliation with the Centers for Disease Control and Prevention, as well as partnerships with Children's Healthcare of Atlanta and the American Cancer Society. This health and life sciences focus gives CDC FCU unique insight into the financial needs of healthcare professionals and public health workers.

CDC FCU emphasizes building lifelong relationships with members, offering personalized service and democratic governance where each member has an equal voice regardless of account balance. The credit union's expansion from serving only CDC employees to encompassing broader community membership demonstrates its commitment to making quality financial services accessible to more families.

Question 7

What type of financial institution is CDC Federal Credit Union (CDC FCU)?

Accepted Answer

CDC Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federally chartered credit union, CDC FCU operates under federal regulations and provides federal deposit insurance up to $250,000 per member through the NCUA.

Credit unions are member-owned, not-for-profit financial cooperatives governed democratically by their members. Each member has one vote regardless of account size, and the institution is run for the benefit of its members rather than external shareholders. This cooperative structure allows CDC FCU to offer more favorable rates and lower fees than traditional for-profit banks while reinvesting earnings back into services and benefits for members.

CDC Federal Credit Union (CDC FCU)

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About CDC Federal Credit Union (CDC FCU) in the United States