When Chicago Patrolmen’s Federal Credit Union was first established in 1938, it was very much a “blue shirts” organization, with membership open only to Police Officers “on the beat” and their immediate family members. By 1949, Chicago Patrolmen’s Federal Credit Union had grown to over $1 million in assets. During this period, the Credit Union’s Board of Directors implemented a “once a member, always a member” policy. This membership policy permits members to maintain their Chicago Patrolmen’s Federal Credit Union accounts when they move up in the ranks, or retire. Both of these policies continue to be critical to the growth and success of the Credit Union.
Chicago Patrolmen’s now serves over 39,000 members and has assets in excess of $575.6 million. Despite our expansion, Chicago Patrolmen’s mission remains the same as it was in the beginning: “serve the financial needs of Police Officers and their families in order to help them realize their life’s goals.” Everyday, Chicago Patrolmen’s strives to fulfill its mission by providing members with competitive financial products and services that facilitate borrowing, promote thrift, and encourage wise money management.