History

A credit union is a member-owned, not-for-profit cooperative financial institution formed to permit those in the field of membership specified in its charter to pool their savings, lend funds to one another, and own the organization where they save, borrow, and obtain related financial services. Members are united by a common bond and democratically operate the credit union under state or federal regulation.

The unique principle of "people helping people" is the foundation of the credit union movement, along with those of being not-for-profit, democratically controlled and run by member-owners. Each member has an equal say in how the credit union is run, and because there are no stockholders, earnings are returned to members in the form of higher savings rates an lower loan rates.

We here at the Toledo Police Federal Credit Union are proud to be a part of the credit union movement since we were chartered by the NCUA on March 18, 1940. For more than 60 years we have had the opportunity to provide our members with personalized services to meet their financial needs.

Mission Statement: The Toledo Police Federal Credit Union exists to provide loans, deposits, and other needed services to its defined membership with the highest level of quality, service and cost efficiency. The services will be provided at a price that will continue the development of adequate reserves and undivided earnings that will be passed onto its members in the form of lower rates on loans, higher return on savings and friendly personalized service.

Whatever the financial need, the Toledo Police Federal Credit Union, will be there to serve its members with the philosophy of "people helping people."

Toledo Police Federal Credit Union is a full-service financial institution helping our members meet their financial objectives. We do this because we are a financial cooperative owned and operated by our members. This means that as a credit union member, you are never just a customer, but always a full-time partner.

The goal at Toledo Police Federal Credit Union is to enhance the economic well-being of our members by offering an unbeatable full range of no-cost and low-cost financial services!

A third service location is available to our members as a result of our shared branching agreement with the Toledo Firefighter's Credit Union. Their office at 2800 Laskey Rd. is available to our members for basic services such as deposits, payments and cashing checks.

Field of Membership

Employees of federal, state, county and municipal agencies or departments engaged in the police protection industry, who work in Defiance, Erie, Fulton, Hancock, Henry, Lucas, Putnam, Ottawa, Sandusky, Seneca, Williams and Wood Counties in Ohio and Hillsdale, Lenawee and Monroe Counties in Michigan.

The “Police Protection Industry” includes government criminal investigation offices, police departments, police academies, drug enforcement agencies, the Federal Bureau of Investigation, federal police services, alcohol, tobacco and firearms control offices, highway patrols, government marshals’ offices, sheriffs’ offices (except court functions) emergency dispatch departments, state police, park police, correctional facilities and transportation security agencies. This does not include employees of the courts, prosecution offices, probation offices, parole offices or fire departments, for example.

Spouses of persons who died while in the field of membership of this credit union,

Employees of this credit union,

Persons retired as pensioners or annuitants from the above employment,

Members of their immediate family or household, and

Organizations of such persons.

“Members of their immediate family” is defined as spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren, stepsiblings and adoptive relationships.