Question 1

What is Electricians Local 349 Credit Union?

Accepted Answer

Electricians Local 349 Credit Union is a member-focused financial cooperative serving members of the International Brotherhood of Electrical Workers (IBEW) Local 349 and their families in South Florida. With approximately $4.9 million in total assets and 619 members as of Q3 2025, this credit union provides personalized financial services tailored to the needs of electricians and electrical workers in the Miami-Dade and Monroe County region.

The credit union operates as a labor-based financial institution, exclusively serving union members working in the electrical trade throughout South Florida.

Question 2

When was Electricians Local 349 Credit Union founded?

Accepted Answer

Electricians Local 349 Credit Union was founded in 1947 to serve the financial needs of members of IBEW Local 349. The credit union was established to provide affordable financial services and competitive loan rates to electricians and their families, supporting the union's mission of member welfare.

For nearly eight decades, the credit union has remained dedicated to serving the electrical workers' community, adapting to changing financial needs while maintaining its commitment to member service.

Question 3

Where is Electricians Local 349 Credit Union headquartered?

Accepted Answer

The credit union is headquartered at 1657 NW 17th Avenue in Miami, Florida. This location is shared with the IBEW Local 349 union hall, providing convenient access for union members.

The headquarters includes the main office where members can access in-person financial services and meet with credit union staff.

Question 4

Where does Electricians Local 349 Credit Union operate?

Accepted Answer

Electricians Local 349 Credit Union operates primarily in South Florida, serving members of IBEW Local 349 throughout their jurisdiction. This includes Miami-Dade County and Monroe County, covering areas such as Miami, Homestead, Florida City, Coral Gables, Hialeah, and the Florida Keys.

Membership is restricted to IBEW Local 349 union members, their families, and employees of the union. The credit union maintains a single office location at the union hall in Miami, making it accessible to members working in the region.

Question 5

What services does Electricians Local 349 Credit Union offer?

Accepted Answer

Electricians Local 349 Credit Union provides a range of personal financial services designed to meet the needs of its members:

Loan Products: The credit union offers competitive vehicle loans with rates starting as low as 2.99% APR for new vehicles and 2.49% APR for used vehicles. Additional loan options include secured loans at 11.00% APR and various unsecured personal loans.

Savings and Investments: Members have access to share accounts (savings) and investment products with competitive rates designed to help them build financial security.

Additional Services: The credit union provides various other financial products and benefits, including insurance-related services, helping members manage their complete financial picture.

Online access through their website at www.local349cu.org provides members with information about products and services.

Question 6

What makes Electricians Local 349 Credit Union unique?

Accepted Answer

Electricians Local 349 Credit Union stands out for its deep roots in the electrical workers' community. With a founding year of 1947, the credit union has served generations of IBEW Local 349 members and their families, understanding the unique financial needs of those working in the electrical trade.

The credit union operates with a small, dedicated staff of three employees who provide personalized service to the 619 members. This intimate scale allows for individualized attention and financial solutions tailored to each member's circumstances.

The credit union maintains a strong net worth ratio of 20.19%, demonstrating financial stability and sound management. Despite its modest size, the institution maintains competitive loan rates that often beat traditional banking institutions, particularly on auto loans.

Located within the union hall, the credit union offers unparalleled convenience for union members, allowing them to handle financial matters in conjunction with union business.

Question 7

What type of financial institution is Electricians Local 349 Credit Union?

Accepted Answer

Electricians Local 349 Credit Union is a federally chartered credit union operating under NCUA charter number 67338. As a federal credit union, it is regulated by the National Credit Union Administration and insured by the National Credit Union Share Insurance Fund (NCUSIF).

The credit union operates as a 501(c)(14) nonprofit organization, following the cooperative financial structure where members are both owners and customers. Membership is restricted to individuals affiliated with IBEW Local 349, including union members, retirees, pensioners, spouses of deceased members, and union employees.

As a member-owned cooperative, the credit union's primary mission is to serve its members rather than generate profits, allowing it to offer competitive rates and personalized service to the electrical workers' community in South Florida.

Electricians Local 349 Credit Union

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About Electricians Local 349 Credit Union in the United States

Electr­icians Local 349 Credit Union