credit union type credit union industry financial services founded 1959 headquarters palo alto california united states number of locations 4 branches area served stanford community employees volunteers and member companies of the palo alto chamber of commerce members of the friends of palo alto libraries fopal members of the museum of american heritage moah and companies located on stanford land . key people joan opp president ceo board of directors jane s. duperrault chair dr. frank sarnquist vice chair tana s. hutchinson treasurer jerry l. jobe secretary timothy r. warner gregory l. rosston curtis feeny supervisory committee peggy wiley committee chair desmond low kum neil hamilton david mackenzie susan j. kingston products deposit accounts ; consumer loans ; mortgages ; credit cards ; investments ; business banking ; online banking ; mobile banking total assets us 1.7 billion 2014 1 website sfcu.org stanford federal credit union or stanford fcu is a federally chartered credit union located in palo alto california . it provides banking services to the stanford community . stanford fcu has over 1.7 billion in assets and serves over 50 000 members 2015 . 2 stanford fcu is the third fastest growing credit union in california by share growth . 3 contents 1 history 1.1 expansion of services 2 membership 3 organization 4 products and services 5 subsidiary 6 community involvement 7 references 8 external links history edit stanford federal credit union was created by a group of stanford university employees on december 17 1959 . its original field of membership was limited to employees of the university . the credit union opened in 1960 with 261 in deposits and established its first office in encina hall on stanford university s campus . in 1985 stanford federal credit union expanded its field of membership to include stanford university students and members and employees of the palo alto chamber of commerce . in 2004 the credit union opened its membership to members of the friends of palo alto libraries fopal . 4 expansion of services edit the credit union became one of the first to offer checking accounts and credit cards in the late 1970s . 5 in the early 1980s it introduced atms and banking by telephone . in november 1993 stanford federal credit union conducted its first four internet transactions ; and in 1994 it became the first financial institution to offer online banking when it launched its website ; it offered online billpay to its members in 1997 added account aggregation and mobile banking in 2002 and became one of the first institutions to implement the passmark authentication system in 2005 . 6 in 2007 stanford fcu joined the co op network to provide its members with over 30 000 surcharge free atms worldwide . 3 membership edit any member of the stanford community may join stanford federal credit union including students and employees of stanford university employees of stanford health care stanford children s health and slac national accelerator laboratory . the credit union s field of membership also extends to the following companies that are located on stanford owned lands members employees and volunteers of the palo alto chamber of commerce employees of member companies of the palo alto chamber of commerce members employees and volunteers of the friends of palo alto libraries fopal members employees and volunteers of the museum of american heritage moah organization edit stanford federal credit union is chartered by the national credit union administration ncua as a federally insured credit union . it is led by a board of directors that is elected by the credit union s members and serves without pay . products and services edit stanford federal credit union offers a range of financial services including consumer and business accounts and loans . financial tools and services in the form of seminars online calculators and financial counseling are also available to both consumer and business members of the credit union . the credit union has four branch locations and maintains twenty four atms around the stanford university campus and palo alto california . as a member of the co op network since 2007 stanford federal credit union also has access to over 30 000 additional surcharge free atms . subsidiary edit in 1997 stanford federal credit union announced the creation of its wholly owned subsidiary cardinal services corporation csc . 7 the corporation focused on licensing software and supporting internet development for businesses . cardinal services corporation operated as a credit union service organization cuso . cusos were established by the ncua as a way for credit unions to conduct business that they would otherwise be restricted from . a spin off of cardinal services corporation cyberbranch was announced in april 2000 by stanford federal credit union and replaced the cuso . 8 cyberbranch specializes in internet and intranet technologies designed for the financial services industry . in june 2001 canadian information technology management and business process services company cgi group inc. acquired cyberbranch for us 1 million . community involvement edit stanford federal credit union is committed to being a responsible member of its community . stanford fcu partners with local organizations sponsoring and participating in local programs and events . the credit union supports stanford university s education initiatives and participates in many of its community events . in 2004 stanford federal credit union funded an endowed professorship within stanford university s school of humanities and sciences . 9 stanford federal credit union has sponsored other organizations including lucile packard children s hospital stanford lively arts children s health council bechtel international center spouse education program stanford pow wow stanford athletics references edit stanford federal credit union annual report pdf . stanford federal credit union . 2015 05 22 . about sfcu . stanford federal credit union . a b allpoint network signs leading california credit union . globenewswire . 2007 11 12 . friends of the palo alto library newsletter . fopal . 2004 08 01 . stanford federal credit union and identity theft 911 . identity theft 911 . 2004 10 28 . leading credit union launches passmark authentication system . pr newswire . 2005 02 03 . stanford federal credit union creates subsidiary . allbusiness . 1997 04 11 . cyberbranch to drive internet banking expansion ; sfcu spin off pioneer of internet banking solutions . . businesswire . 2000 04 04 . stanford federal credit union members endow professorship for community service . . stanford report . 2003 02 17 . external links edit official website youtube channel branch locations and hours stanford federal credit union assets and statistics retrieved from https en.wikipedia.org w index.php title stanford federal credit union & oldid 686133749 categories credit unions based in californiacompanies based in palo alto californiabanks established in 1959 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 17 october 2015 at 06 35 . text is available under the creative commons attribution sharealike license ; 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