An exciting new look has come to Department of Labor Federal Credit Union. We are now known as Labor Credit Union.
For over eight decades, we’ve been serving those that drive, support, and care for the labor movement. Although the U.S. Department of Labor (USDOL) is our primary sponsor and will continue to be, we recognize that many groups, associations, and partnerships beyond USDOL have mission statements that align closely with those of USDOL. We aim to be inclusive of these groups as well, and to reflect our goal of being inclusive of everyone that serves and supports the labor movement. As of July 1st, 2022, we will be moving forward as Labor Credit Union.
Why are we changing our name?
We were organized by working people, for working people to help them build a foundation of financial strength. Through the years, we have welcomed members from Department of Labor and its partner organizations, whose duty is to protect the rights of working people. The new brand reflects our dedication to continue that movement by serving the entire labor industry – whose members also work tirelessly to make a difference in the lives of many. The re-brand and change to our name is not due to a credit union merger. Rather it is a way to introduce our Credit Union to even more people who qualify for membership. And it lets us return more value to even more members and help more working people build a foundation of financial strength.
What does this mean to you?
Your Credit Union remains the same. The only change is the name and the logo, which reflects our dedication to you and the labor movement. Your accounts, as well as the products and services we offer, will not change, or be affected. And your Board of Directors, Executives, and Credit Union staff will still be here to serve you from our Francis Perkins and Bureau of Labor Statistics locations. We are also in the planning stages of expanding and opening additional locations, so that we can continue to be a pillar of convenience for you in meeting your banking needs. Working People Helping Working People Just as the labor movement comes together to help make life better for everyone, Labor Credit Union is here to do the same for you. Rest assured, we’ll be here whenever you need us — serving the labor movement and helping members build a foundation of financial strength.
We are excited about our rebrand and understand there may be questions about what to expect or how this may impact you. Rest assured we will be in communication with our members every step of the way.
If you have any additional questions regarding the name change, please contact us at (202) 789-2901.
Frequently Asked Questions (FAQ):
Why are we changing our name to Labor Credit Union?
We have served working people in the labor industry since 1935. To expand our efforts and become the foundation of financial success for all people who work and have worked their lives to make a difference, we want our name to reflect the full scope of those we serve, which is everyone that serves in or supports the Labor movement.
What is the meaning behind the logo?
Just like the labor movement comes together to make life better for its members, Labor Credit Union does the same. The gears represent diversity and inclusion. We work together to support our members in reaching their financial goals. We are the roots that support building financial strength and enhancing well-being for all.
When will the re-brand and name change go into effect?
We will officially change our name July 1st, 2022.
Is DOLFCU merging with another company or credit union?
No. We are not merging with another credit union or any other institution. We are simply rebranding
our name to reflect the broader labor movement that we exist to serve.
Is there a reason why Federal is not in your new name? Are my deposits still federally insured?
What does this mean for my account(s)?
Nothing! All of your account information remains the same. Your debit and credit card numbers, account numbers, and our routing number (254074426) will all stay the same. There should be no impact to your day-to-day banking.
Will Department of Labor employees and retirees still remain eligible to join?
Yes. We will continue to proudly serve eligible DOL employees, retirees, contractors, & subsidiaries just as we always have.
Will any of the Credit Union's contact information be changing?
Our email addresses will remain the same. Our phone numbers will also remain the same. The web address will be changing to www.laborcu.org.
Do I need to change my direct deposit or automatic payments?
No. Our routing number and your account number are used to make electronic deposits and those will be staying the same.
Can I still use my existing checks?
Yes. Continue to use your current checks.
Will domestic or international wires be affected?
No. The new brand changes will not affect wires as our routing number will remain the same.
Will the website be changing? How will I find the credit union website?
On July 1st our website will reflect our new logo and the new brand identity. There will be a new web address: www.laborcu.org that will direct you to the website. You may continue to use the web address www.dolfcu.org and be automatically re-directed to the new site.
Will there be changes to your branch, ATMs and Shared Branch locations?
Our Frances Perkins and Bureau of Labor Statistics branch locations and hours will remain the same along with our existing ATMs. For Shared Branch locations and ATMs, please visit our webpage.
Will there be a change in the service I receive from the credit union?
You will continue to receive the same great service from your credit union! We are excited for this new chapter in the credit union's history and we look forward to continuing to serve you.