San Francisco Fire Credit Union

Overview

The San Francisco Fire Credit Union (EIN: 941209440) is a not-for-profit cooperative financial institution headquartered in San Francisco, California. Established in 1951 by firefighters, it initially served the firefighting community but has since expanded to include individuals who live, work, or attend school in San Francisco, San Mateo, and Marin counties.

History and Purpose

Founded by firefighters for firefighters, the credit union aims to build financial security within the community. It reflects the legacy of supporting local firefighters while offering financial services to a broader demographic. As a member-owned institution, it focuses on the financial success of its members rather than shareholder profits.

Membership and Eligibility

Membership is open to a diverse group, including:

• Individuals residing, working, or attending school in San Francisco, San Mateo, or Marin counties.
• Active and retired firefighters in Marin, San Francisco, or San Mateo counties.
• Members and employees of Local IAFF 1171, Santa Clara Firefighters, and active members of the California State Firefighters' Association.

Services and Features

San Francisco Fire Credit Union provides a range of financial services, including competitive loan rates, higher yields on savings accounts, and free ATM access worldwide through its participation in the Co-Op Network. It also offers advanced digital banking solutions, a top-rated mobile app, and personalized service tailored to members' financial needs.

Community Engagement

The credit union engages deeply with its local community. It supports various initiatives, such as the San Francisco Firefighters Cancer Prevention Foundation and the San Francisco Firefighters Toy Program, and awards scholarships to local students. Members can participate in events like Shred Day for secure document disposal.

Financial Performance

As of recent data, San Francisco Fire Credit Union operates with a substantial member base and significant assets. It maintains a commitment to innovation and community-driven financial services.

Distinctions from Banks

Unlike traditional banks, San Francisco Fire Credit Union is a not-for-profit institution. This allows it to offer better rates, fewer fees, and a more personalized service approach. Deposits are insured by American Share Insurance (ASI), providing coverage up to $250,000 per account.