IAM Federal Credit Union was chartered in 1964 to serve members of the International Association of Machinists and Aerospace Workers employed at Fort Rucker, Alabama. The field of membership was later expanded to include other local union groups. On November 03, 2004, IAMFCU converted to a community charter. This also included a name change to include the Community. Through its many transitions, IAMCFCU has continued to grow stronger.
Since 1964, we have made many changes to serve our members' needs and we continue to embrace change in order to better serve our members.
IAM Community Federal Credit Union is a member-owned, not-for-profit financial cooperative. Unlike most other financial institutions, we do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members. We strive to offer the highest dividend rates, the lowest loan rates and the lowest fees possible. Here at IAMCFCU, we believe that our members deserve the best.
You are eligible for membership if you live, work, worship or attend school in Dale, Coffee or Houston Counties, Alabama. Immediate family of current credit union members are also eligible for membership. The good news is that once you are a member you are always a member as long you maintain an active membership.
BOARD OF DIRECTORS
Chester Nolin - Chairman
Frank Garrett - President & CEO
It is the purpose of IAM Community Federal Credit Union to provide a safe and sound financial institution in order to provide its members with cost effective financial services, to endeavor to expand both membership and services, and to promote the principles of the credit union movement.