Question 1

What is UALU 354 Federal Credit Union?

Accepted Answer

UALU 354 Federal Credit Union is a federally chartered member-owned financial cooperative serving members of the Plumbers and Pipefitters Local Union 354 and their families in Western Pennsylvania. With approximately $6.8 million in assets and over 1,500 members, this specialized credit union provides personalized financial services tailored to the needs of skilled tradespeople in the mechanical construction industry.

The credit union operates as a select employee group (SEG) institution, focusing on the financial well-being of union members affiliated with the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry.

Question 2

When was UALU 354 Federal Credit Union founded?

Accepted Answer

While the exact founding date of UALU 354 Federal Credit Union is not publicly documented, the credit union's formation is closely tied to the establishment of Plumbers and Pipefitters Local Union 354 in 1972. Local Union 354 was created through the merger of three local unions: Local 302 (Charleroi), Local 530 (Johnstown), and Local 478 (Greensburg).

The credit union was established to serve the financial needs of these union members and their families, providing accessible banking services and fostering financial security within the union community.

Question 3

Where is UALU 354 Federal Credit Union headquartered?

Accepted Answer

UALU 354 Federal Credit Union is headquartered in Youngwood, Pennsylvania, located at P.O. Drawer I, 271 Armbrust Road, Youngwood, PA 15697. The credit union shares its location with Local Union 354's facilities, reflecting the close relationship between the labor organization and the financial cooperative.

Youngwood is situated in Westmoreland County in southwestern Pennsylvania, approximately 30 miles southeast of Pittsburgh.

Question 4

Where does UALU 354 Federal Credit Union operate?

Accepted Answer

UALU 354 Federal Credit Union operates primarily in Western Pennsylvania, serving members across the extensive jurisdiction of Local Union 354. This service area encompasses 13 counties: Bedford, Blair, Cambria, Cameron, Clearfield, Elk, Fayette, Greene, Huntingdon, Indiana, Jefferson, Somerset, Washington, and Westmoreland.

Membership is restricted to members of Plumbers and Pipefitters Local Union 354, their family members, and employees of the credit union. The geographic reach spans much of southwestern and central Pennsylvania.

Question 5

What services does UALU 354 Federal Credit Union offer?

Accepted Answer

UALU 354 Federal Credit Union provides a comprehensive suite of financial services designed for union members and their families. Savings products include share/savings accounts, Christmas Club, Vacation Club, and Tax Savings Club accounts. The credit union also offers the Kandi Koala Kids Klub, a specialized savings program for children.

Transaction services include checking accounts, debit cards, money orders, wire services, and notary services. Members can take advantage of direct deposit and payroll savings deductions for convenient automated savings.

Lending products include auto loans and personal loans to help members finance major purchases. The credit union emphasizes affordable lending solutions with personalized customer service.

Additional services include the Pauline Kriston Scholarship program, which supports educational opportunities for members and their families. The credit union operates Monday through Friday from 9:00 AM to 5:00 PM and can be reached by phone at 724-925-9354 or toll-free at 800-344-3540.

Question 6

What makes UALU 354 Federal Credit Union unique?

Accepted Answer

UALU 354 Federal Credit Union's defining characteristic is its exclusive focus on serving members of the Plumbers and Pipefitters Local Union 354 community. This specialized membership base allows the credit union to deeply understand the unique financial needs of skilled tradespeople in the mechanical construction industry, including seasonal employment patterns and apprenticeship programs.

The credit union demonstrates strong community commitment through initiatives like the Pauline Kriston Scholarship, which honors members' educational pursuits. Its location alongside the union's training facilities and offices at the Youngwood campus creates convenient access for members.

With over 50 years of service to the union community, UALU 354 FCU maintains a member-focused approach with personalized service delivered by a small, dedicated staff. The credit union's governance structure includes active member participation through volunteer board members and a supervisory committee.

Question 7

What type of financial institution is UALU 354 Federal Credit Union?

Accepted Answer

UALU 354 Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federally insured credit union, member deposits are protected up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

The credit union operates as a not-for-profit financial cooperative owned by its members. Each member has equal voting rights regardless of account balance, embodying the democratic "one member, one vote" principle.

Membership eligibility is restricted to individuals affiliated with Plumbers and Pipefitters Local Union 354, including active and retired union members, apprentices in the union's training programs, and immediate family members of eligible individuals. This occupational common bond structure allows the credit union to focus exclusively on serving the financial needs of the union community it was established to support.

UALU 354 Federal Credit Union

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About UALU 354 Federal Credit Union in the United States