ABEFCU is a cooperative savings and loan service created in 1967 by a group of employees. Like all Credit Unions, ours is mutually owned and operated by its members who save together and make loans to each other from their aggregate funds.
Employees of Walt Disney Company, Inc. and its subsidiaries are eligible for Credit Union membership. Employees of certain other companies and family members of qualified members are also eligible. ABEFCU operates full service branches throughout the U.S.
The Credit Union offers: regular savings, basic, primetime, super, and super plus share draft checking accounts with ATM access, IRA accounts, Investment Club Certificates, Holiday and Vacation Club accounts, and our own federally insured Money Market account.
The Credit Union also provides: real estate, home equity, education, consumer, and auto loans, as well as home equity and checking credit lines. In addition, we offer: payroll deduction, Automated Clearing House (ACH) direct deposits of payroll, pension and Social Security checks, wire transfers, Visa travel cards, money orders, foreign currency, Audio Response Services, Internet Branch Services, and Visa credit cards. ABE owns and operates its in-house computer data center.
Safety of Deposits
Credit Union savings are protected by: careful investment in sound loans, bonding of employees and officials, a substantial reserve fund, regular audits conducted by the federal government, and the Credit Union’s own supervisory committee, including audits by Garvey, Steele Company LLP. Savings are insured to at least $250,000.00, by the National Credit Union Administration, an agency of the federal government. IRA deposits are insured separately from our savings accounts for at least $250,000.00.