As a credit union, Yale New Haven Healthcare Federal Credit Union is a member-owned, not-for-profit cooperative financial institution. Like all credit unions, we are formed to allow those in our field of membership to pool their savings, lend them to one another, and own this organization where they save, borrow, and receive related financial services. Our membership is united by a common bond and includes employees of any organization that maintains an affiliate relationship with Yale New Haven Hospital, along with their family members. Our members also democratically operate the credit union under a federal charter.
How We Are Different
There are differences between a credit union and other financial institutions.
Your credit union features:
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Not-for-profit status — earnings go back to members in the form of higher dividends, lower loan rates, fewer and lower fees, and products and services that count.
The international credit union philosophy of “People Helping People” extends to social responsibility and the ongoing education of members to help achieve their financial security now and for the future. Our ongoing commitment to cooperative principles translates into better service and better rates than what our for-profit counterparts offer.
