About Us

South Atlantic Federal Credit Union was originally started by the employees of the Boca Raton Resort and Club.  It was chartered in 1973,  and is a non-profit cooperative organized to provide our members with low-cost financial services. We are governed by a volunteer board of directors who are elected by and from the membership. Membership to the Credit Union is restricted to employees of our sponsor companies, and family of current members.

All profits of the Credit Union are returned to our members in the form of dividends, low cost loans and new services. We strive to meet the needs of our membership by providing new products and services that meet your expectations, thereby becoming your primary financial institution.

Our Mission Statement

The  South Atlantic Federal Credit Union is a member owned and controlled financial service organization.  Our mission is to meet its members' financial needs through quality services at the best value while maintaining financial stability .

How are Credit Unions Different than Banks?

There has been a lot of discussion in the press recently about credit unions, as a result of the recent lawsuits that banks filed, and lost, against the credit union movement. Many people, however, do not understand what a credit union really is, and how it differs from a bank. A credit union is different than a bank in that it is:

Credit Unions Banks
  • Not for profit
  • Owned by its members
  • Volunteer Board of Directors
  • Supervised by Volunteer Supervisory Committee
  • For Profit
  • Owned by stockholders
  • Compensated Board of Directors
  • Compensated Audit Committees

A Credit Union is "by the members, and for the members".