Labor Credit Union Wins Credit Union of the Year Award

Labor Credit Union, formerly known as Department of Labor Federal Credit Union (DOLFCU), was named the 2022 Credit Union of the Year (less than $250M) by the National Association of Federally-Insured Credit Unions (NAFCU) last week. Labor Credit Union will be honored during NAFCU’s Congressional Caucus in Washington, D.C. September 11-14.

The winners of NAFCU’s annual awards program are chosen by a committee of peers based on entries exemplifying above-and-beyond achievements, dedication, service in the community and leadership.

Labor Credit Union was specifically recognized for its programs aimed at contributing to brighter futures by building a foundation of financial success. For example, the credit union’s “Make First Time Home Buying a Reality” grant program has had an immediate, positive impact on members by turning dreams of homeownership into reality. 

In addition, free financial coaching through a partnership with BALANCE has served 1,532 Labor Credit Union members. Nineteen of these members improved their credit scores by 100 points and were rewarded with $100 from Labor Credit Union.

“This recognition of our efforts to serve the labor community is like icing on the cake of a great year,” says Thomas Domingue, CEO of Labor Credit Union. “In 2021, we provided our members with $3,406,830 in direct financial benefits. Just like the working people we serve; our team works tirelessly to make a difference in our members’ lives.”