What is a Credit Union
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.
A credit union is similar to a bank, as they both accept deposits and make loans. But banks are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments.
Your account at Union Yes 
Federal Credit Union is insured by the National Credit Union Administration, an agency of the United States Government. Each member is insured up to $250,000. Individual Retirement Accounts (IRA) accounts are insured separately for an additional $250,000. During the long history of government-protected deposit insurance coverage no member has ever lost any of their insured savings held on deposit at a federally insured credit union.
How We Were Built
Union Yes Federal Credit Union was formed in 1981 to serve only union workers and their families. With the guidance of an industry-experienced board of directors, dedicated management team, and hard-working staff, union members throughout southern California benefit from the services provided by their local credit union. As a result, UYFCU has grown to over 18,000 members, whom entrust their financial service provider with over $50 million in assets!
In order to assure our growing success, UYFCU is committed to its members by continually improving and implementing services that enhance each individual member’s banking experience.
We look forward to building the future for our valued members!
Mission Statement
Mission
To serve the financial needs of labor unions and their members throughout Southern California.
Vision
Become a $100 million financial institution serving the membership via multiple office locations.
Provide the highest level of service possible to the membership within the operating environment and parameters facing the organization.
Provide a high quality working environment that provides career growth opportunities, educational training and development, and financial rewards to those individuals who demonstrate commitment to the success of the organization.
