PORTLAND, Ore.–Providence FCU said it has expanded its field of membership to include all health care professionals, home care workers, and child care providers in California as it has become the new financial services partner for the San Diego-based union United Domestic Workers.
UDW provides advocacy and support to more than 74,000 members who work as healthcare professionals, homecare workers, and childcare providers in California.
"We look for natural partnerships - selecting a partner with the same core values as ours was of utmost importance,” said PFCU President and CEO Shirley Cate. “We found an organization that was fully committed to serving their members with the same care, attention, and heart-felt mission that we have served our membership for nearly 60 years.”
The $176-million Providence FCU said that through six decades of working with Providence St. Joseph Health it has grown to one of the largest healthcare credit unions in the United States. The credit union said the new partnership will provide its members with the “added convenience of enhanced products, member support services, and new product offerings to uphold their financial wellness in a rapidly changing world.”
‘Largely Underserved and Unbanked’
"We’re expanding because we know that serving more health care workers means we can provide even greater value for all our members," Cate said. "Growing and strengthening our position will mean expanded products, broader service offerings and a California branch presence for our PFCU family, adding to our 90,000 surcharge -free ATMs, low-interest rate loans, and free checking and savings accounts.”
The credit union added that while caregivers across America save the government billions of dollars every year, “they continue to be largely underserved and unbanked. That's where PFCU comes in - delivering modern banking with affordable checking, financial planning tools, and lending programs to our essential workers at UDW.”