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Bank-Fund Staff Federal Credit Union, a full-service financial cooperative, was organized and chartered in 1947. A few individuals recognized that employees of the newly formed World Bank and International Monetary Fund required a convenient source of credit and a secure place to save. They went about the task of organizing the Credit Union with these purposes in mind and with a strong commitment to serving their colleagues and future Credit Union members.
Because the Credit Union serves primarily the staffs of The World Bank Group and the International Monetary Fund, the management of these institutions facilitated its development. This support contributed to the Credit Union's success and it has grown to be one of the most financially sound credit unions in the United States, currently ranking in asset size among the top 35 of over 10,000 federally chartered credit unions.
The Credit Union's operations are regulated under U.S. law by an agency of the U.S. Government, the National Credit Union Administration (NCUA) , which insures member deposits and issues regulations under which the Credit Union must operate.
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