Who We Are
Click here to meet the staff of the Georgetown University Alumni and Student Federal Credit Union.

History
On February 9, 1983, the Georgetown University Student Federal Credit Union (then GUSFCU) was formally chartered by the National Credit Union Administration.  At the time, it was "hailed" as a model for future student credit unions.  The GUSFCU's founders received permission from the university administration to open on the second floor of the O'Gara building.  In 1994, GUSFCU offically became the Georgetown University Alumni and Student Federal Credit Union (GUASFCU) to emphasize the importance of graduates to its membership base. Through the transition into the 21st century, the GUASFCU continues to make members its main priority, with continued changes to better serve the students and alumni of Georgetown University.  Through the introduction of new programs, the Credit Union seeks to become and remain your financial institution long after graduation.  What began as a dream in the minds of a few visionary students became a reality with the formation of an institution aimed at providing an affordable variety of financial services to the students and alumni of Georgetown.

What is a credit union?
A credit union is a cooperative financial institution, owned and controlled by the people who use its services.  These people are members.  Credit unions serve groups that share something in common, such as where they work, live, or go to school.  Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates.

Credit unions, like other financial institutions, are closely regulated.  The National Credit Union Share Insurance Fund, an agency of the federal government administered by the National Credit Union Administration, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide.  Deposits are insured up to $100,000.

Why should I open an account?
More than 70% of incoming freshmen open accounts with the Credit Union. There are no monthly fees to worry about. As of January 1st, 2006, there is no fee to open an account. You receive a free checking account as long as there is a low $10 minimum balance in savings. In your checking account, there is no minimum balance, no monthly fees and no limit on the number of checks you can write or withdrawals you can make. It's totally free banking.

We offer financial services that rival the largest corporate banks. From our Visa Checkcard, which gives you access to your account at more than 530,000 ATMs in more than 120 countries, to our loans, which provide the lowest rates available, GUASFCU is a full service financial institution.