Are You Eligible?
BankFund was created with the express purpose of serving employees of the World Bank and the International Monetary Fund. Eligible1 persons include employees, staff members, and officers of:
- World Bank Group
- International Monetary Fund
- Bretton Woods Recreation Center
- World Bank Children’s Center
- Retirees of these organizations
- Immediate family members
- Household members
- Employee of a contractor who works regularly at the WBG/IMF headquarters in Washington, D.C.
A Lifetime of Privileges
BankFund's “once a member, always a member” policy ensures that once you join the credit union, you can continue to be a member for as long as you choose, even if your employment changes or you retire.
All it takes is keeping a minimum of $5 in your Membership Share.
Family & Household Members
As long as you are employed or retired from one of the organizations above, your family and
household members can join BankFund—even if you’re not a member!2 Simply have them list
your name and your relation on the membership application under
“Eligibility.”
Immediate family member means:
- Spouse
- Child
- Sibling
- Parent
- Grandparent
- Grandchild
- Stepparents
- Stepchildren
- Step siblings
- Adoptive relationships
Household members are defined as persons living in the same residence who maintain a single economic unit. This includes any person who is a permanent member of and participates in maintenance of the household (for example, two people sharing an apartment could be considered a household).2
Group Membership
Certain organizations comprised of persons who qualify for membership individually, such as ski, bridge, investment, or flying clubs, may open organizational accounts with BankFund.2 If you are unsure of your eligibility for membership, please contact us.
1 All new accounts are subject to eligibility verification. BankFund reserves the right to determine membership eligibility and may refuse membership to persons who do not meet the eligibility guidelines as set forth under our federal charter.
2 If a member is a citizen of/resides in a country that is on the OFAC Sanctions list, we are prohibited by these sanctions from opening membership/accounts. If a citizen of an OFAC-sanctioned country is residing in the United States of America or in a non-sanctioned country, we may be able to grant membership with certain disclosures.
Qualification for some accounts depends on the individual member’s tax status.
If the country office staff has U.S.-derived income (income earned in the U.S.), they are eligible to borrow money. For country office staff, whose income is not U.S. derived, we offer a Blueprint Visa® Platinum Secured Card that allows Country Office staff to build credit history in the U.S. Helpful for staff members that may transition to the U.S. in the future.
We encourage all potential members to contact us directly if they have any concerns.