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 owned by its members. Credit Unions were founded on the idea that though a cooperative financial effort, individuals sharing common bonds could benefit.

Our Philosophy

The 77th Street Depot FCU is not for profit, not for charity, but for service. We continue to look out for our members’ interests and provide a level of service that is not generally available at other financial institutions. Whether providing a loan to help a member cover unexpected medical bills, giving financial counseling to a member, or simply offering a better deal on a used car loan, the 77th Street Depot FCU can make a difference for our members and the communities they serve.

Seven Cooperative Principles for the 77th Street FCU

  1. Voluntary Membership
  2. Democratic Member Control. The Credit Union is owned and controlled by its members, one member one vote, with equal opportunity for participation in setting policies and making decisions.
  3. Members’ Economic Participation. As owners, members contribute to, and democratically control, the capital of the cooperative.
  4. Autonomy and Independence
  5. Education, Training and Information. We provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of the cooperative that is the Credit Union.
  6. Cooperation Among Cooperatives. We serve our members most effectively by working together through local, state, regional, national, and international structures with other coopertives.
  7. Concern for Community.