Selfreliance Ukrainian American Federal Credit Union (SUAFCU) is a financial cooperative composed of members of a common background and bond.
Our Credit Union provides varied types of of financial services for our members at the highest professional level within a caring environment.
SUAFCU fosters the ideals of cooperation, promotes pride in ethnic matters and interest, while providing long term financial stability in our Ukrainian-American community.
Selfreliance Association of American-Ukrainians, Inc.
Credit Union membership is limited by federal legislation to individuals who belong to a specific "field of membership". SUAFCU's field of membership is Selfreliance Association of American-Ukrainians, Inc.
Selfreliance and the Community
Selfreliance occupies a special place within the rich mosaic of what is Ukrainian life. Our Credit Union serves not only as a financial and economic institution, but also as a community leader. As a democratically run cooperative institution, SUAFCU continues to be "wholly owned" by its members. We unite all members, from all religious backgrounds, no matter what their political or ideological philosophies may be, and SUAFCU will always remain the cornerstone of Ukrainian life.
During its first 15 years, SUAFCU provided its members with over $4,156,000 in loans. 29 Ukrainian physicians, veterinarians, and dentists established their practices. Members opened 13 gasoline stations and started 30 other businesses. 1,200 Ukrainian families purchased their own homes - all with funds borrowed from SUAFCU.
The "Ukrainian Village" grew and prospered around its Ukrainian churches. Members formed many cultural and community organizations within its geographic boundaries. The community's viability mitigated the pressures of assimilation, so prevalent at the time. "Ukrainian Village" continues to be the focal point of Ukrainian life in Chicago, attracting young and old alike.
SUAFCU supports the efforts of its members in establishing various associations, cultural and social organizations. These institutions maintain the integrity of the community thereby supporting growth in membership of the Credit Union. SUFCU is proud of its financial support of these varied institutions.
SUAFCU maintaines an ongoing mutually beneficial relationship with all religious denominations within the Ukrainian religious community. Ukrainian churches have and continue to be the site of several of our branches and a source of new members. We are proud that the Credit Union has been able to provide credit to many parishes to build, purchase or renovate churches and church halls.
With its affordable loans and beneficial services, SUAFCU financially helps its members strengthen their economic standing. Our involvement with community organizations helps preserve and maintain the viability of the Ukrainian community in Chicagoland.
Today as it celebrates 55 years of service to our members and the Ukrainian community, SUAFCU is justifiably proud of its many achievements.