McKesson Employees' Federal Credit Union, which began as a credit union for dairy employees, has undergone
several transformations in name and location over the years. We serve two employee groups, the employees of
McKesson Corporation and its subsidiaries and employees of DS Waters of North America working in the United States.
Who can join McKesson Employees Federal Credit Union?
Employees of McKesson Corporation or DS Waters, LP
or any of their subsidiaries in the U.S. or if you are a family member of an existing member. Once a member
always a member, as long as you maintain a saving account with the minimum balance.
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Location and Phone Numbers
Address and phone numbers for McKesson Employees Federal Credit Union
McKesson Employees Federal Credit Union
One Post St., Suite 1825
San Francisco, CA 94104
|
| Phone: |
|
(415) 983-8920 |
| Toll-Free: |
|
(800) 528-4301 |
| Fax: |
|
(415) 983-8850 |
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Hours of Operations
Hours of Operations for McKesson Employees Federal Credit Union
| Office Hours: |
|
9 AM to 4 PM (Pacific Time)
Monday-Friday |
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Holiday Schedule
Holiday Schedule for McKesson Employees Federal Credit Union
November 27, 2008
Thursday |
Holiday - Thanksgiving Day
Credit Union Closed |
November 28, 2008
Friday |
Holiday - McKesson Holiday
Credit Union Closed |
December 24, 2008
Wednesday |
Holiday - Christmas Eve
Credit Union Closed |
December 25, 2008
Thursday |
Holiday - Christmas Day
Credit Union Closed |
January 1, 2009
Thursday |
Holiday - New Year's Day
Credit Union Closed |
January 19, 2009
Monday |
Holiday - Martin Luther King, Jr. Birthday
Credit Union Closed |
February 16, 2009
Monday |
Holiday - President's Day
Credit Union Closed |
May 25, 2009
Monday |
Holiday - Memorial Day
Credit Union Closed |
July 3, 2009
Friday |
McKesson Holiday
Credit Union Closed |
July 6, 2009
Monday |
McKesson Holiday
Credit Union Closed |
September 7, 2009
Monday |
Holiday - Labor Day
Credit Union Closed |
October 12, 2009
Monday |
Holiday - Columbus Day
Credit Union Closed |
November 26, 2009
Thursday |
Holiday - Thanksgiving Day
Credit Union Closed |
November 27, 2009
Friday |
McKesson Holiday
Credit Union Closed |
December 24, 2009
Thursday |
McKesson Holiday
Credit Union Closed |
December 25, 2009
Friday |
Holiday - Christmas Day
Credit Union Closed |
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Our Mission Statement
McKesson Employees' Federal Credit Union is committed to being the primary
financial institution for its owner-members by providing personalized,
comprehensive, competitive services consistent with sound business practice.
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What is a Credit Union?
A credit union is a cooperative, not-for-profit financial institution
organized to promote thrift and provide credit to members. It is
member-owned and controlled through a board of directors elected by
the membership. The board serves on a volunteer basis and may hire a
management team to run the credit union. The board also establishes and
revises policy, sets dividend and loan rates, and directs certain
operations. The result: members are provided with a safe, convenient
place to save and borrow at reasonable rates at an institution which
exists to benefit them, not to make a profit.
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Who owns a credit union?
Most financial institutions are owned by stockholders, who own a part
of the institution and intend on making money from their investment.
A credit union doesn't operate in that manner. Rather, each credit union
member owns one "share" of the organization. The user of credit union
services is also an owner, and is even entitled to vote on important
issues, such as the election of member representatives to serve on the
board of directors.
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How did credit unions start?
The first credit union cooperatives started in Germany over a century ago.
Today, credit unions are found everywhere in the world. The credit union
movement started in this country in Manchester, New Hampshire. There,
the St. Mary's Cooperative Credit Association, a church-affiliated credit
union, opened its doors in 1909. Today, one in every three Americans is
a credit union member.
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What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage
members to save money. Another purpose is to offer loans to members. In fact,
credit unions have traditionally made loans to people of ordinary means.
Credit unions can charge lower rates for loans (as well as pay higher
dividends on savings) because they are nonprofit cooperatives. Rather than
paying profits to stockholders, credit unions return earnings to members in
the form of dividends or improved services.
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