Scott Arney, CEO of the 77-year-old Chicago Patrolmen’s Federal Credit Union (CPFCU), has announced the creation of the National Police Credit Union (NPCU), to be led by Jim Bedinger.
A marketing division of CPFCU, NPCU is the only national full-service credit union created solely to serve the financial needs of all Fraternal Order of Police (FOP) members and their families across the country in order to help them realize their life’s goals.
One of the core reasons NPCU was created was to enhance the value of an FOP membership. FOP is the world's largest organization of sworn law enforcement officers, with more than 318,000 members in more than 2,100 lodges. FOP is the voice of those who dedicate their lives to protecting and serving our communities.
NPCU provides members with competitive financial products and services, as well as educational resources, to facilitate borrowing, promote thrift, and encourage wise money management.
NPCU is a full-service financial institution offering a complementary array of products and services created specifically to meet the needs of police officers and their families. Several particular benefits of NPCU membership include: personal loans for everything from uniforms to travel; student and tuition loans; signature auto loan and mortgage loan programs; and over 5,000 shared branching locations and 30,000 surcharge-free ATM locations.
Their Financial Planning and Education Center is designed to help members across the financial spectrum, with financial counseling ranging from retirement planning to credit consultation and improvement.
Immediate family members are also welcome to take advantage of the great benefits, including spouses, children, grandchildren, parents, grandparents, or siblings.
Chicago Patrolmen’s has been serving the financial needs of police officers and their families for 77 years. CPFCU is and always has been administered by a Board of Directors consisting entirely of current and former police officers. During his past 13 years serving as CEO, Arney has grown the credit union’s assets from $137 million to $385 million; increased loans by 250%; more than doubled membership from approximately 14,000 to almost 29,000; founded and opened the Financial Planning and Education Center; and transformed the credit union into a true full-service financial institution.
NPCU CEO Bedinger has been part of CPFCU for the past 18 years, including serving as COO since 1999. His knowledge and understanding of both the worlds of finance and law enforcement make him the ideal person to lead the expansion to assist as many police officers and their families as possible realize their financial goals.
For more information, visit the CPFCU site at www.nationalpolicecu.com.