After almost three years of work and collaboration with partnering agencies and individuals. LCEF is pleased to announce the National Credit Union Administration (NCUA) has granted a charter for the launch
of an LCMS focused credit union, effective December 23, 2014. The approved name of the new entity is Lutheran Federal Credit Union, with offices at 10733 Sunset Office Drive, St. Louis, MO 63127.
Along with the granting of a charter, the NCUA has approved the field of membership for the credit union to include LCMS associated district; congregations and schools, and their members; LCMS agencies,
employees and their families. The Lutheran Federal Credit Union is a totally separate entity from the LCMS and LCEF, with its own governing Board of Directors. LCEF’s role has been to provide organizational
assistance and start-up capital to bring this new entity to fruition. The LCEF board and staff are pleased to have been part of the process that has led to the granting of a charter to operate.
The Lutheran Federal Credit Union will serve the transactional banking needs of the nearly three million prospective members through a broad array of deposit and lending products with state-of-the-art technology,
providing responsive and exceptional customer service. The Lutheran Federal Credit Union could become operational in the second quarter of 2015. Details surrounding the offerings, scheduled launch and timeline
for full roll-out will be announced by the credit union board and those selected to lead this new enterprise in the coming months.
Should you have any questions, you are welcome to send them by email to info@LutheranFCU.org
This is a very big deal as we’re positioned to quickly become one of the largest credit unions in the country…and it’s guided by a Christian worldview!
Thanks and blessings,
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