ABOUT US

Benefits of Membership
The credit union philosophy is "members helping members." When you join Progressive Federal Credit Union, your money goes farther. Membership in this nonprofit institution gives you access to low-cost loans and affordable, comprehensive financial services, as well as special member benefits. See our Accounts, Loans, and Member Services pages for a complete range of accounts, loans, and benefits.

Who is eligible for membership?
You may join the credit union:

• If you are employed by, or retired from the U.S. Postal Service.      
  
• If you are are the relative of a member.

Our philosophy is: "Once a Member, Always a Member." You may remain a member of the credit union for the rest of your life, as long as you maintain the minimum share (savings) balance.

How to apply for membership:

To open your account, you must fill out a application form and make a minimum deposit of $100 to your savings (share) account.  This is not a fee; it is just the minimum deposit required to open your account.   Click here for an easy online application.

What is the Difference Between a Credit Union and a Bank?

A credit union is a member-owned, nonprofit organization.  By law, credit unions must not earn a profit at the end of the year.  The credit union reinvests its earnings to enhance services, provide the best rates, or return the earnings to the members in the form of a dividend.  There are no hidden fees and operating costs are kept to a minimum.  Credit unions exist to serve their membership.

Banks are for-profit businesses, with the overhead and expenses associated with running a company.

You do business with a bank; you own your credit union.

Click here to learn more.