BOSTON CUSTOMS FEDERAL CREDIT UNION

The Boston Customs Federal Credit Union operates under a federal charter, and the books and records are inspected regularly by the NCUA. We are required by law to have regular examinations of our records and operations by an outside auditing firm, with the findings reported to the Board of Directors. NCUA administers the federal insurance fund (NCUSIF), which insures all federal credit unions and most state-chartered credit unions. No taxpayer money is used for regulating and overseeing credit unions, as all activities of NCUA are funded by credit unions... Since that day in 1935, the Boston Customs FCU has been serving its members for the sole purpose by the pooling of savings and lending of funds. The credit union is governed by a Volunteer Board of Directors selected by the membership at the Annual Shareholders' Meeting. We have five Board members and three Supervisory Committee members... "Not-for-profit, not for charity, but for service," is the motto that gave birth to credit..

Also known as: Boston Customs FCU

Primary location: Boston United States