Timeline

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Timeline

  • 1945
  • 1980
  • 2000
  • 2005
  • 2010
1945
3 September Application to organize submitted.
1947

The Federal Deposit Insurance Corporation (FDIC) granted the 13 founders of UNFCU (all staff members of the UN) approval via a formal Organizational Certificate for permission to operate as a federal credit union.

22 October Charter approved. Initially serves 54 members.
1950

UNFCU opens office on 6th floor of the Secretariat Building, New York.

Hires first paid employee.
1962
Charter revision to extend membership to professional staff outside New York.
1973
UN retirees join the Credit Union.
1975
Office moves to DC 1 Building, New York.
1978
Locally-recruited staff permitted to join UNFCU.
1980
Office moves to UN Plaza Branch (24 employees) and opening of branch in Secretariat Building, New York.
1981
Rapid product expansion: Checking, Share Certificates, Telephone Audio Response, Transmatic Line of Credit.
1985
Introduces First Mortgage Loan, VISA® Credit Card.
1990
Offers ATM/Cash Cards.
1993
Opens Headquarters office at 820 Second Avenue, New York.
1994
Launches Call Centre.
1996
UNFCU website launches.
1997

Opens first office outside the US in Vienna, Austria.

Employee base reaches 100.

Launches Investment Centre at UNFCU.
1998
Establishes Liaison Representative Programme.
1999
Total assets reach US $1 billion mark.
2000

50,000th member opens a UNFCU account.

Establishes representative office presence in Geneva, Switzerland at ILO and ITU.
2001

Revamped UNFCU website goes live.

Introduces UNFCU International Calling Card through a partnership with GlobalPhone Incorporated.

Sponsors UN Inter-Agency Games (UNIAG) for the first time.

eStatements made available to all members globally via UNFCU website.
2002
Launches UNFCU Online Mortgage and Consumer Loan Centres.
2003

Opens Nairobi Representative Office in Kenya.

Named "Federal Credit Union of the Year" (Large Asset Category) by the National Association of Federal Credit Unions (NAFCU).

Wins "Excellence in Mortgage Lending Award" (Large Asset Category) given by CUNA Mutual Group and the CUNA Lending Council.
2004

Total assets exceed US $2.0 billion.

Named winner of the "NAFCU Innovation Showcase Award" for WebChat™ launched that year.
2005

Expands Geneva Representative Office at ILO; opens new Representative Office at Le Palais des Nations in Geneva Switzerland.

Conducts road show to Santiago, Chile and gives presentations in Spanish.

Tim Challen, MSR in Geneva, leads Kilimanjaro Initiative, partners with UN-Habitat’s Safe Cities Programme and succeeds in raising funds and awareness about combating crime in East Africa.
2006
Sponsors UN Inter-Agency Games for the fifth time, which draws record number of participants, 1,600 staff members, in Pesaro, Italy.

Establishes Regional Advisors with representatives based in Geneva, Vienna and Nairobi to provide direct feedback to the UNFCU Board of Directors on member needs.

Completes new global headquarters in Long Island City, NY, uniting over 250 UNFCU staff members in a single location to streamline operations and enhance efficiencies.

Opens new Representative Office in Rome, Italy.

Introduces "Loans With a Global Impact" campaign, raising nearly $13,000 for UN charities dedicated to improving housing, the environment and children’s lives globally.

Debuts UNFCU Travel Services.

Enhances VISA® Credit Card Programme with features such as the new European Rewards Programme, completing the first phase of Systems Advantage.

Introduces UNFCU Financial Advisors, a wholly-owned subsidiary of UNFCU.

Satisfaction survey reveals that over 4 out of 5 members rate UNFCU one of their better or best financial institutions.

Reaches US $1 billion in loans.

Launches UNFCU Insurance Centre.
2007
Conducts presentations/member visits at UN duty stations in Copenhagen, The Hague, Vienna and Nairobi.

UNAIDS fund-raising campaign has raised nearly US $350,000 since the program’s inception in 2001.

Names UNFCU Regional Advisor in Rome, Italy.

UNFCU celebrates its 60th anniversary.
2008
Completes successful upgrade to a new core computer system with more than 70 interfaces – Internet Banking, Telephone Banking, eWires

Conducts presentations/member visits at UN duty stations in Ecuador, Guatemala, Panama, Senegal, Ivory Coast, the Democratic Republic of Congo (Kinshasa), Republic Congo (Brazzaville) for the first time and Chile for the third time.

Launches two multicurrency investment advisory services UNFCU Advisors GmbH in Vienna, a wholly-owned UNFCU subsidiary, and UNFCU Financial Services LLC in Geneva, a branch of the credit union service organization

Supports UNIFEM’s Say NO to Violence Against Women Campaign, collecting funds and thousands of signatures on behalf of this effort.

Partners with the Vienna International Centre (VIC) to further the Greening the VIC Campaign initiated by members and volunteers at IAEA, UNIDO, CTBTO and UNOV/UNODC.

Grows membership base to 80,000+ globally; 350 staff members.
2009
Conducts presentations/member visits at UN duty stations in Burundi, Rwanda and Uganda, as well as Copenhagen, The Hague and Germany.

Tim Challen, UNFCU Business Development Associate-Geneva, receives National Credit Union Administration’s (NCUA) Vice Chairman’s Award for Distinguished Service for founding the Kilimanjaro Initiative and promoting safer, greener cities.

Supports fourth annual Kilimanjaro Initiative climb, which receives praise from UN Secretary-General Ban Ki-moon for its efforts under the UN banner to UNite Against Climate Change.

As a result of the Annual General Election, there are three international Board members.

Total assets exceed 3.0 billion USD.

Joseph Toochin, Board Vice Chairman, named the 2009 Credit Union Executives Society (CUES) Director of the Year.

Achieves a strong 2009 financial performance with double-digit asset growth; 5,000 new members, despite ongoing, international financial crisis.

Launches re-designed website.
2010

Grows membership base to 90,000+ globally.

Introduces mobile website.

Results of member satisfaction study reveal 92% of members believe “UNFCU is a safe place for their money.”

Broadcasts Annual Meeting live via streaming video for the first time.

Elects fourth internationally-based Board member

Joins the UN Global Compact.

Michael J. Connery, Jr., President/CEO, and Joseph E. Toochin, Ex-Officio Chairman and Director, named to the 2010 Credit Union Executive Society Hall of Fame and Volunteer of the Year, respectively.
2011

Launches Facebook page

Conducts video broadcasts to Israel, Lebanon, Syria, Mexico, Uganda, Democratic Republic of Congo, Panama, Argentina and Uruguay

Introduces Skype for member service

Joins in the Japan Relief effort

Earns LEED Silver Certification for its headquarters

Extends Call Centre Hours of Operation 24/5

Grows membership base to 94,000;62% located outside the US

Total assets 3.4 billion USD; more than 350 staff members

Launches first ever card-based life insurance program

Exceeds one billion dollars in mortgage loans
2012

Total assets USD 3.6 billion

Supports Kilimanjaro Initiative in historic Africa UNiTE climb

Partners with UN Emergency Preparedness Support Team on initiatives

Hosts meeting at its HQ with World Council of Credit Unions and Ecuadorian CU representatives

Introduces Mobile Banking

Wins CUNA Mutual/Lending Council Lender of the Year Award for Consumer Lending

Achieves 2012 Energy Star recognition from the U.S. Environmental Protection Agency

Launches French website

Michael J. Connery, Jr., retires after serving nearly 24 years as President/CEO
2013

William Predmore, formerly Executive Vice President, becomes President/CEO

Acquires full service commercial and personal insurance agency Industrial Coverage Corp (ICC)

Introduces Premium Checking + with host of benefits

Wins Communitas Awards for corporate social responsibility/sustainable development

Partners with UN Women and World Association of Girl Guides/Girl Scouts on curriculum for Say NO to Violence Against Women and Girls

Named Business Council for Peace (BPeace) “Gamechanger”

Total assets USD 3.8 billion

Welcomes 100,000th member

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