WHO ARE WE? Section 705 Federal Credit Union is a not-for-profit financial institution. Profit made goes back to our members through lower interest rates on loans, fewer fees, and free to low cost financial products and services.
WHO CAN JOIN? Our members are made up of employees of various businesses within the Acadiana area who have become partners (or Select Employee Groups) with Section 705 Federal Credit Union. Family members of our partners and Section 705 are also eligible to become members at the credit union. Click here for the full list of who can join our credit union:
WHY IS BELONGING TO A CREDIT UNION CONSIDERED A MEMBERSHIP? The term “member” in the credit union world stems from the ownership those that belong have within the organization. Our members own a “share” in the company with their savings account. Each individual must keep $25 in their savings account at all times to remain a member.
WHAT’S WITH THE NAME? Section 705 FCU originally served postal employees working within the 705 zip code area. That was the postal employees “section.” As years went on, we started expanding our field of membership to include other businesses within the area.
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