Volunteers and Committees
When Hanscom Federal Credit Union’s founders received a charter from the National Credit Union Administration (NCUA) in 1953, they could not have known that their small group would become what it is today.
Hanscom FCU has grown from eight volunteers to more than 95,000+ members, from $40 in shares to more than $1.9 billion in assets, and from one location in Cambridge, Massachusetts, to 19 branches in two states.
Tremendous changes have taken place in the world since our beginnings. Hanscom FCU has changed along with it, but we have preserved our founding principles of "People Helping People." We are democratically controlled and led by volunteers. We focus on the financial wellbeing of our member-owners. Everything we do and every product we offer is designed to return value to the membership.
Volunteers and Committees
Volunteer Directors
The Board has oversight of the general direction and affairs of the credit union. Directors at Hanscom FCU determine the strategic direction of the institution through planning, establishing policy, and acting as oversight guardians in the best interest of the entire membership. Typically, Directors will dedicate 6-10 hours a month attending Board of Directors meetings, contributing to committee discussions, and working to sharpen their understanding of financial and governance topics within the credit union movement.
Currently nine members comprise the Hanscom FCU Board. Directors are volunteers, elected to the Board by the membership.
2024 Board Notification
Advisory Group
Serves as a bridge between the credit union and its members by providing insight to its products and services, as well as feedback on issues and concerns.
Supervisory Committee
Is responsible for employing certified public accountants to perform annual audits, special audits, and account verifications. The committee reports audit findings to the Board of Directors and the membership.
Charitable Foundation
Is responsible for focusing on providing donations, marshaling both human and financial resources, and providing assistance where it can do the most good for the community. The Foundation distributes 100% of the proceeds received as part of their commitment to better the communities Hanscom FCU serves.
