About Us

Mission Statement: Your member owned Credit Union’s purpose is to provide sound financial services for the benefit of the member in a warm and friendly atmosphere.

IBEW/SJ Cascade Federal Credit Union is a member owned, not for profit financial cooperative that is committed to its members. We are committed to the financial well-being of our membership. We offer a full line of savings and loan products.

We offer most services that an individual could get at any other financial institute delivered at a fair cost.

Chartered in 1961—local 280 started the credit union and added more locals and in 1995 the Statesman Journal FCU merged into IBEW and in 2005 Roth’s Employees FCU merged into IBEW. There are many smaller groups that are eligible to join IBEW/SJ Cascade FCU.

The governing body of the credit union is a board of directors. It is the responsibility of the board of directors to set policy and make sure that the credit union is operating in a safe and sound manner and within the guidelines of NCUA (National Credit Union Association) which is the credit unions insurance agency and governing body.

IBEW/SJ Cascade FCU’s board is comprised of seven (7) board members. The position of a board member is voluntary. They do not receive any remuneration for serving on the board. All members in good standing are eligible to run for a position on the Board.

Board members are elected to a three (3) year term. All members in good standing are eligible for nomination to the board. The credit union is required to hold a membership meeting annually. At this meeting the board presents to the membership how the credit union is doing financially and holds an election of officers. Approximately two(2) or thee (3) board positions are elected each year at the annual meeting.

The board of directors appoints a Supervisory Chairperson, who in turn appoints two (2) members to serve with him. The purpose of the Supervisory committee is to give oversight to the board. The Supervisory committee review new and closed share and loan accounts and hires the independent auditor in keeping with federal regulations.

The Philosophy of IBEW/SJ Cascade FCU is consistent with credit union principles of “not for profit, not for charity but for service”, people helping people. This statement represents good business practices that ensure the financial strength of our credit union on behalf of our members.