To create lifetime financial relationships with our members by providing valuable products and the highest quality member services.
We are here to help our members achieve their financial needs.
In December of 1937, seven employees of the Collector of Internal Revenue chartered the Collectors of Internal Revenue Federal Credit Union with $35.00. Since then the name has changed to the IRFCU but the philosophy is the same - People Helping People.
Today, our credit union is a successful, stable, and growing financial institution serving approximately 2,000 members with over $11 million in assets. We are committed to continuing to strive to provide a wide range of financial services to meet your needs, while maintaining competitive interest rates.
The credit union idea is a simple one: People should be able to pool their money and make loans to each other. It's an idea that evolved from cooperative activities in 19th century Europe. Since that time, the idea's guiding principles have remained the same: (1) Only people who are credit union members should borrow there; (2) loans are made for "prudent and productive" purposes; (3) a person's desire to repay (character) is considered more important than the ability (income) to repay. Members are, after all, borrowing their own money and that of their friends. These principles still govern most of the world's credit unions. As the 20th century began, the credit union idea surfaced in Canada. Canada's successful efforts profoundly influenced two Americans: Pierre Jay, the Massachusetts banking commissioner, and Edward A. Filene, a Boston merchant. The credit union movement then began in America.