Serving our members since 1937!
The Parlin DuPont Finishes Employees Federal Credit Union was formed by employees of the DuPont Finishes Department in Parlin, NJ on the 29th of June 1937. We were assigned Charter Number #2246 by the Farm Credit Administration (now the National Credit Union Administration – NCUA). The Credit Union originally served the employees and immediate family members, of the Fabrics and Finishes Department of the Finishes Division of E.I DuPont de Nemours and Company, Inc. On February 11, 1983 the Credit Union changed its Charter to include the employees and immediate family members of E.I DuPont de Nemours and Company who work in Parlin New Jersey. So, not only the employees of the Finishes Department, but also Photo Products and any other Department located in Parlin, New Jersey. Our Name was changed to Parlin DuPont Employees Federal Credit Union. Since then, we have grown from a Share and Loans Credit Union to a full service financial institution.
WHAT IS A CREDIT UNION?
Credit unions are not-for-profit financial cooperatives serving members who share something in common-employment, association membership, or residence in a particular geographic area. More than 70 million U.S. consumers are member-owners of, and receive all or part of their financial services from, the nation’s 12,047 credit unions
PHILOSOPHY & STRUCTURE
Credit unions are democratically owned and controlled institutions based on ‘people helping people’ principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.