History and Mission
The Bridgeport Police Federal Credit Union was founded on June 3, 1954. Prior to 1996, the Credit Union offered primarily savings accounts, checking accounts and loans. We've come a long way since then. We're now a full-service financial institution offering everything from credit cards to online banking.
The Credit Union's Staff and Board of Directors are continuously looking for ways to better serve our members. We strive to make it as convenient as possible for you 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.
Regulation and Supervision
The 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 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.