Question 1

What is Prescott Federal Credit Union?

Accepted Answer

Prescott Federal Credit Union is a community-focused federal credit union headquartered in Prescott, Arizona. With approximately $10.3 million in assets and serving over 1,160 members, this credit union specializes in providing financial services to veterans, federal employees, and students and staff of Embry Riddle Aeronautical University, along with their families. Originally established to serve Veterans Administration Medical Center employees and veterans, Prescott Federal has maintained its commitment to those who have served while expanding its membership base to support the broader Prescott community.

Question 2

When was Prescott Federal Credit Union founded?

Accepted Answer

Prescott Federal Credit Union was founded on November 19, 1937. The credit union was established by the Fort Whipple Mortician and his assistant and was originally known as Prescott U.S. Employees Federal Credit Union. Its primary mission from inception was to serve veterans and employees of the Veterans Administration Medical Center at Fort Whipple, providing them with accessible financial products and services during the Great Depression era. Over more than eight decades, the credit union has evolved and expanded its field of membership while staying true to its founding principles of serving those who have served the nation.

Question 3

Where is Prescott Federal Credit Union headquartered?

Accepted Answer

Prescott Federal Credit Union is headquartered at 500 N State Route 89, Building T-5, in Prescott, Arizona. The credit union maintains its location on the grounds of what is historically known as Fort Whipple, which today serves as a Veterans Administration medical facility. This location reflects the credit union's deep roots in serving the veteran community and its continued commitment to those who have served at this historic military installation.

Question 4

Where does Prescott Federal Credit Union operate?

Accepted Answer

Prescott Federal Credit Union operates primarily in Prescott, Arizona, and the surrounding Yavapai County area. The credit union's field of membership includes veterans, federal employees, students and staff of Embry Riddle Aeronautical University, and their immediate family members or households. While the credit union has specific membership eligibility requirements tied to these groups, it actively serves the Prescott community with a particular focus on supporting military veterans and their families throughout the region.

Question 5

What services does Prescott Federal Credit Union offer?

Accepted Answer

Prescott Federal Credit Union provides a comprehensive range of financial services designed to meet member needs. The credit union offers savings accounts and share products to help members build financial security, along with investment options for long-term wealth building. Loan services include auto loans and signature loans to support various personal financing needs.

Members have access to personal banking accounts with convenient online banking services available through the credit union's website. The credit union emphasizes personalized service with a family atmosphere, where members receive individual attention and support for their financial goals. Additional services are designed specifically to cater to the unique financial needs of veterans, helping them achieve stability and security.

Question 6

What makes Prescott Federal Credit Union unique?

Accepted Answer

Prescott Federal Credit Union stands out for its unwavering dedication to serving veterans and their families, which has been a cornerstone of its mission since 1937. The credit union creates a distinctive family atmosphere where members feel genuinely valued and supported rather than treated as just account numbers. With over 87 years of continuous service on the Fort Whipple Veterans Administration campus, it maintains deep historical ties to the veteran community.

The credit union actively participates in community initiatives, including their "Collecting Kindness" program that seeks sponsors to support stellar residents of Yavapai County. Despite its modest size of approximately 1,160 members, Prescott Federal provides personalized attention and quality service that larger institutions often cannot match. Its inclusion of Embry Riddle Aeronautical University students and staff demonstrates a commitment to fostering financial literacy among younger generations while maintaining its core focus on veteran support.

Question 7

What type of financial institution is Prescott Federal Credit Union?

Accepted Answer

Prescott Federal Credit Union is a federal credit union chartered under federal regulations and insured by the National Credit Union Administration (NCUA). As a member-owned, not-for-profit financial cooperative, the credit union operates with a mission to provide quality service and products that meet members' financial needs rather than generating profits for external shareholders.

Membership is limited to specific groups including veterans, federal employees, students and staff of Embry Riddle Aeronautical University, and their immediate family members or households. This select field of membership reflects the credit union's specialized focus on serving those who have served the nation and the educational community. As a cooperative, members are also owners, with each member having an equal voice in the credit union's governance regardless of account balance.

Prescott Federal Credit Union

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About Prescott Federal Credit Union in the United States