Credit Union History
P.A.A.C Transit Division FCU was chartered under federal law.  Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.  NCUA's three board members are nominated by the President and confirmed by the Senate.

NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, most state chartered credit unions.  No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.

Message from the President
I would like to invite all current employees and retirees of the Port Authority of Allegheny County to become members of the P.A.A.C Transit Division FCU.  Our credit union returns excess earnings to members through high yield savings accounts, low interest loans, and zero or low-cost services.

Safety & Soundness
Credit unions primarily engage in consumer loans and residential real estate lending to their members.  Credit union performance is at a historically high level.  Currently, credit union capital nationwide is 10.28% and the equity ratio of the federal insurance fund, the National Credit Union Share Insurance Fund (NCUSIF), has operated above 1.25% for 11 consecutive years.

Regulation & Supervision
P.A.A.C Transit Division FCU is audited annually by the National Credit Union Administration.  In addition to the internal audit performed by a qualified accountant, its Supervisory committed verifies selected transactions each month to ensure the safety and soundness of the credit union.

Mission
The mission of the P.A.A.C Transit Division Federal Credit Union is to provide our members with the best financial services possible at the highest level of quality, personal attention, convenience and efficiency while maintaining fair and competitive rates to enhance the continued growth of the credit union.