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History and Mission

The Bridgeport Police Federal Credit Union was founded on June 3, 1954 and currently has 2300 members.  Prior to 1996, the Credit Union offered primarily savings accounts, checking accounts and loans. We've come a long way since then. We now have two branches and currently offer over 20 different services including a Visa credit card, a Visa check card, direct deposit and online banking which allows you to get information on your account 24 hours a day, 7 days a week from the comfort of your home.

The Credit Union's Staff and Board of Directors are continuously looking for ways to better serve our membership. We strive to make it as convenient as possible to do business with us.

As your Credit Union, we provide and promote the use of a variety of financial services which feature benefits and advantages over those generally available from other banking sources, with the specific intent of helping members gain some particular measure of personal financial success.


 
Safety and Soundness
Credit unions primarily engage in consumer loans for their members. Credit union performance is at a historically high level. Currently, credit union capital nationwide is 10.28% and the equity ratio of the federal insurance fund, the National Credit Union Share Insurance Fund (NCUSIF), has operated above 1.25% for 11 consecutive years.

 
Regulation and Supervision

National Credit Union AdministrationThe Bridgeport Police Federal Credit Union was chartered under federal law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA's three board members are nominated by the President and confirmed by the Senate.

NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.

 
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