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Electrical Federal Credit Union

5080 West 60th Avenue
Arvada, CO 80003
Credit Unions
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EFCU was established on July 1st 1953 by members of IBEW 68 Denver to better the financial future of IBEW 68 members and their families. Over the years we have worked to expand our membership to include additional Denver area labor unions such as IBEW 111, UFCW 7, Plumbers Local 3, Carpenters Local 55, OPEIU 5, and many other labor unions through our affiliation with the Colorado AFL-CIO and the Denver Area Labor Federation.

The goal of the credit union, from day one, is best described by our mission statement which is the following: “To serve the current and future financial needs of our present and potential members in the most convenient and productive manner possible and provide our members with expanding financial services at fair and favorable rates and terms, while continuing to assure the credit union’s sound financial position.”

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Credit unions are different than conventional banks because they are owned by the people who bank there, not outside investors. Credit unions are nonprofit banks, which means that all revenue is funneled back into the credit union to lower interest rates and provide extra savings for the people who bank there. A conventional bank is for-profit and operates to return money to its outside investors. Credit unions are dedicated to serve their members and ensure all people have access to banking, credit, and other financial services.
Credit unionsLoan services
5080 West 60th Avenue
Arvada, CO 80003
303-428-5080
www.electricalfcu.org
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