Since 1967, ABE Federal Credit Union has been a cooperative savings and loan service built by employees, for employees. Like all credit unions, we are owned and operated by our members. Together, members save, borrow, and invest from their combined funds, creating a stronger financial future for everyone! ABE Federal Credit Union reinvests its profits to benefit members with lower loan rates, higher savings rates, and fewer fees.
Membership Eligibility
Employees of The Walt Disney Company, Inc. and its subsidiaries are eligible for ABEFCU membership. Employees of certain other companies, as well as family members of qualified members, are also welcome to join. Today, ABEFCU operates full-service branches across the United States along with a suite of digital banking services, making membership accessible wherever you are.
What We Offer
At ABEFCU, you will find a full range of financial products designed to fit your needs, including:
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Savings accounts, including Regular, Basic, PrimeTime, Super, and Super Plus accounts.
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Checking accounts with ATM access.
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IRA accounts.
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Investment Club Certificates.
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Holiday and Vacation Club accounts.
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Federally insured Money Market accounts.
We also provide lending solutions such as real estate loans, home equity loans, education loans, consumer loans, and auto loans. In addition, members have access to home equity lines of credit, checking credit lines, and a variety of convenient services including:
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Payroll deduction.
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Automated Clearing House (ACH) direct deposits for payroll, pension, and Social Security checks.
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Wire transfers.
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Money orders.
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Foreign currency exchange.
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Online and mobile banking.
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Visa® credit cards.
Safety of Deposits
Your savings are protected by multiple safeguards, including sound lending practices, bonding of employees and officials, a substantial reserve fund, and regular audits conducted by federal examiners and our own supervisory committee, with audits performed by Mystic Accounting Group, LLP. Deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA). IRA deposits are insured separately for at least $250,000.
Mission Statement
Our Mission
At ABE Federal Credit Union, our mission is to go beyond traditional banking by creating meaningful value for every member we serve. We are committed to safeguarding your hard-earned money through strong financial management, while also delivering the tools, resources, and personalized guidance that help you thrive at every stage of life.
We believe banking should be simple, supportive, and centered on you. That is why we combine the strength of a well-capitalized financial institution with the warmth of a member-owned cooperative. Whether you are saving for the future, financing your dreams, or simply managing your everyday needs, we are here to ensure your financial journey is safe, rewarding, and built on trust.
Credit Unions vs Banks
At ABE Federal Credit Union, we take pride in serving our members for over 50 years. We follow the Credit Union Philosophy of building trusted relationships through convenient, personalized banking, putting our members first.
Many people don’t know all the differences between a credit union and a bank. Understanding these differences reveals the benefits of being a credit union member.
What is a Credit Union?
A credit union is a cooperative, not-for-profit financial institution owned and operated by its members to meet their financial needs. Members share a common bond, such as employment, education, location, or social or religious affiliation.
Credit unions focus on three key areas:
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Savings: Encouraging and helping members save regularly through payroll deduction and direct deposit.
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Loans: Offering funds at fair rates for personal, auto, home, and other needs.
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Surplus Earnings: After expenses and reserves, profits are returned to members as higher dividends, lower loan rates, and free or low-cost services.
Key differences between credit unions and banks
| Feature | Credit Union | Bank |
|---|---|---|
| Philosophy | Not-for-profit, focused on member service. | Profit-oriented, focused on stockholders. |
| Control/Management | Member-elected, unpaid volunteers. | Shareholder-elected, paid directors. |
| Savings (Share Accounts) | Regular, Money Market, Certificates, and other plans available. | Regular, Money Market, Certificates, and other plans available. |
| Checking (Share Draft) | Free checking, prime-time checking, or interest-bearing options; fewer fees. | Similar account types but generally higher fees. |
| Loans | Wide variety including personal, auto, secured, home improvement, mortgage, and credit cards; loan decisions consider character and capacity; generally lower rates. | Various loan types but often focused on commercial lending; decisions mainly based on credit history and capacity; rates usually higher. |
| Fees | Typically, fewer and lower than bank fees. | Account for nearly one-third of total profits. |
| Safety | Insured to at least $250,000 by the NCUA. | Insured to at least $250,000 by the FDIC. |
| Support | Part of worldwide credit union networks, shared branching, CO-OP ATMs; resources and ideas shared. | Belong to state or national organizations; usually less sharing between banks. |
FAQs:
Why Choose ABEFCU?
If you want a financial institution where you are more than a dollar sign, ABEFCU is the right choice. As an owner-member, your voice is always heard, and your interests come first.
Can anyone join a credit union?
Yes! Credit unions are open to anyone who meets the membership criteria, which typically involves a common bond like employment, education, location, or community affiliation. At ABEFCU, we welcome eligible members and their families, giving you access to all the benefits of credit union membership.
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