ESL Federal Credit Union
Encyclopedia
ESL Federal Credit Union is a credit union
headquartered in Rochester, New York
, chartered and regulated under the authority of the National Credit Union Administration
(NCUA). As of 2009, ESL had $3.8 billion in assets and approximately 298,000 members. Membership in ESL is open to employees of Eastman Kodak
, members of the George Eastman House
, and residents of Rochester, among others.
Credit Union Auto Finance is owned by ESL with Xceed Financial Credit Union
.
, the founder of Eastman Kodak
. While the organization was a Savings and loan association
, it operated similarly to a credit union for much of its history. The Eastman Savings and Loan changed its charter on February 1, 1996 and became ESL Federal Credit Union. In 2002, ESL merged with Wegmans Federal Credit Union.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Rochester, New York
Rochester, New York
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...
, chartered and regulated under the authority of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(NCUA). As of 2009, ESL had $3.8 billion in assets and approximately 298,000 members. Membership in ESL is open to employees of Eastman Kodak
Eastman Kodak
Eastman Kodak Company is a multinational imaging and photographic equipment, materials and services company headquarted in Rochester, New York, United States. It was founded by George Eastman in 1892....
, members of the George Eastman House
George Eastman House
The George Eastman House is the world's oldest museum dedicated to photography and one of the world's oldest film archives, opened to the public in 1949 in Rochester, New York, USA. World-renowned for its photograph and motion picture archives, the museum is also a leader in film preservation and...
, and residents of Rochester, among others.
Credit Union Auto Finance is owned by ESL with Xceed Financial Credit Union
Xceed Financial Credit Union
Xceed Financial Credit Union is a credit union and financial institution serving Xerox, OfficeMax, Seneca Park Zoo, Heal the Bay, Webster Public Library, more than 200 additional select employer groups , organizations, and communities nationwide...
.
History
Eastman Savings and Loan Association was chartered in 1920 by George EastmanGeorge Eastman
George Eastman was an American innovator and entrepreneur who founded the Eastman Kodak Company and invented roll film, helping to bring photography to the mainstream...
, the founder of Eastman Kodak
Eastman Kodak
Eastman Kodak Company is a multinational imaging and photographic equipment, materials and services company headquarted in Rochester, New York, United States. It was founded by George Eastman in 1892....
. While the organization was a Savings and loan association
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
, it operated similarly to a credit union for much of its history. The Eastman Savings and Loan changed its charter on February 1, 1996 and became ESL Federal Credit Union. In 2002, ESL merged with Wegmans Federal Credit Union.