Velsicol Credit Union

About Velsicol Credit Union

Velsicol Credit Union Location

Po Box 22711
Memphis, TN 38122

Phone: (901) 320-0270
Website:
Routing/Transit Number: Not Available

Velsicol Credit Union Information

Velsicol Credit Union of Memphis, TN is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 113 members and assets of $1,376,070, as compared to the national average of $93 million dollars of assets per credit union. Velsicol Credit Union, first opened in 1956 and has been in operation since then. Additionally, Velsicol Credit Union has 0 full time employees and 1 part time employees, or 113 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Velsicol Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Velsicol Credit Union is a not-for-profit, cooperative, tax-exempt organization.