Who We Are:
The ILA Federal Credit Union was federally chartered June 6, 1975. We are governed by the Federal Credit Union Act and its bylaws. We are examined and supervised by the National Credit Union Administration (NCUA).
Our Shares (deposits) are insured up to $250,000.00 by the National Credit Union Share Insurance Fund (NCUSIF). Every year an annual meeting of the credit union is conducted for the members. At this meeting the members have an opportunity to voice their opinion, ask questions and elect the officers for the Board of Directors.
The ILA Federal Credit Union is a financial institution owned and controlled by it's members. It continues to exist solely for the financial benefit of it's members through their ability to save money in the form of Share (deposits), purchasing of savings certificates (certificates of deposits) and other savings mechanisms and memberships ability to borrow money. It is our mission to offer members favorable rates and terms and to provide the best service that will meet all of their needs and stay with in the confounds of our regulators. We seek to maintain a long term relationship with our members and provide long term financial stability over the asset of our members.