The 77th Street Depot Federal Credit Union was founded in 1938, The original field of membership was and is Chicago Transit Authority employees and their family members.
The Credit Unions were founded on the idea that though a cooperative financial effort, individuals sharing common bonds could benefit.
The 77th Street Depot Federal Credit Union is a not – for- profit financial cooperative owened by its members. Credit Unions were founded on the idea that though a cooperative financial effort, individuals sharing common bonds could benefit.
What is the difference between a credit union and a bank?
Banks are owened by corporations, when thay make a profit the corporations profits.
Credit Unions on the other hand are owned by its members, your ownership is $5.00. That $5.00 dollars gives you one vote, when the credit union profits, that money is given back to the membership is the form of better services and a higher rate of return on the funds invested in the credit union and lower rates on loans.
We continually add products and services to strengthen ourselves competitively and more importantly, to serve the needs of the membership.
The 77th Street Depot Federal Credit Union is federally charted by the NCUA, and is federally insured up to $250.000.00 by the NCUA
How to become a member
Two picture ID’s are required, if you go on payroll deduction, no money is require to join, you will need $50 in your account to apply for any type of loans.
How to have your Checks come to this credit union. Give your jobs payroll department your account number here and our Rounting number. Our Rounting number is 271082022 with this number you can set up auto payments and pay bills from your account.
77th Street Depot Federal Credit Unions board of Directors are
Jerry Weems- Chairman of the board
Richard Pitts- Vice Chairman
Jesse Burns – Chairman of the Supervisory Committee
John Riouse – Board Secretary
Cynthia R. Manson – Treasurer
Towns Al, CCUE-CEO
Riouse John- CFO