COVID-19 Response - Update as of July 10, 2020

Our Express Branch and Lending Center at 1725 I Street are open to serve you in person from 9:00 AM to 2:00 PM, Monday through Friday.

Appointments are required and can be scheduled online. All other branch lobbies remain temporarily closed until further notice.

For the latest information about our operations and measures we are taking, please visit our COVID-19 Response page.

Corporate Governance

The overall responsibility for the Credit Union rests with its member-elected Board of Directors. 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.

BFSFCU's Board of Directors

E-mail addresses for the Board of Directors are only displayed via JavaScript in order to prevent SPAM. In order to view the e-mail addresses of the Board of Directors, please enable JavaScript on your web browser. You may also wish to contact us via Secure Message from within Digital Banking, via telephone at (202) 212-6400, or via e-mail at [email protected].

The Board of Directors appoints members to serve as volunteers on the following committees:

Supervisory Committee

The Supervisory Committee is charged with the responsibility of periodically reviewing the Credit Union's policies and internal controls. The committee engages annually an external auditor to perform a thorough review of BFSFCU's financial condition and to make recommendations for process improvements. The results of the auditor's report is published in BFSFCU's Annual Report.

Read the Supervisory Committee Terms of Reference

Credit Committee

The Credit Committee oversees matters related to the extension of credit to BFSFCU's membership in the form of real estate and consumer loans. The committee is charged with ensuring that loans are granted to members according to the underwriting guidelines set forth by the Credit Union and in compliance with all regulations set forth by the National Credit Union Administration.

Management

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