Organization

Bank-Fund Staff Federal Credit Union, a full-service financial cooperative, was organized and chartered in 1947. A few individuals recognized that employees of the newly formed World Bank and International Monetary Fund required a convenient source of credit and a secure place to save. They went about the task of organizing the Credit Union with these purposes in mind and with a strong commitment to serving their colleagues and future Credit Union members.

The Credit Union's operations are regulated under U.S. law by an agency of the U.S. Government, the National Credit Union Administration (NCUA), which insures member deposits and issues regulations under which the Credit Union must operate.

Board of Directors

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The overall responsibility for the Credit Union rests with its member-elected Board of Directors, currently led by President George W. West. Members of the Board of Directors are volunteers and serve without remuneration. Every year, the Credit Union holds an Annual Meeting open to all members to report on the financial status of BFSFCU and to announce the results of the election of vacant seats of the Board of Directors.

Management

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The Board of Directors appoints a full-time, salaried Chief Executive Officer (CEO) to implement Board policy and manage the Credit Union's activities. Stephen D. Breed is the Managing Director and Chief Executive Officer of BFSFCU.