About Carnegie Mellon Federal Credit Union.
We are a non-profit, member-owned. financial institution that has been serving employees of CMU, affiliated groups, and their families for over 75 years. As an alternative to for-profit financial institutions, our goal is to deliver quality personalized service to our members – not to maximize the profit gained from customers in order to satisfy stockholders. Because we are non-profit and member-owned, money made in excess of expenses is returned to our membership through competitive loan rates, savings dividends, and the addition of new products and services when feasible.
Carnegie Mellon Federal Credit Union is a member-owned, cooperative financial institution formed to encourage savings, make loans at competitive rates, and provide a range of convenient and personalized services to the Carnegie Mellon community in the most cost-effective manner while maintaining financial stability.
The credit union is federally chartered, regulated, and insured by the National Credit Union Administration (NCUA), an agency of the U.S. government. Member accounts are insured to an aggregate of $250,000. Member Individual Retirement Accounts (IRAs) are insured separately to an additional $250,000. NCUA is one of the strongest of the federal insurance funds and issues strict operating guidelines for the credit unions it regulates.