Norfolk Community Federal Credit Union was chartered on August 11, 1953. We are a federally chartered and insured credit union. A credit union is a not-for-profit, membership-owned financial institution. Known for its strong consumer-orientation, a credit union is organized to serve a community, a company or a municipality. We began to serve the employees of the correctional facilities in Norfolk. We have a community charter and we support social and community programs to improve the quality of life for everyone. We pride ourselves on personal service and our belief that people are more important than dollars. 

A credit union divides income between dividends to members and reserves to build capital, which strengthens it in its members’ behalf. Unlike a bank, a credit union does not sell stock or borrow from the Federal Reserve Bank in order to raise funds. It operates as a not-for-profit cooperative, with a democratic structure, and member ownership and control. Those founding principles of American credit unions, which stretch back well into the 19th century, remain today. 
  

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Mission Statement 

 
Norfolk Community FCU is dedicated to providing competitive financial products and superior service to our members through sound business practices. The Credit Union movement is committed to superior service to our membership. We divide income between dividends to members and reserves to build capital, which strengthens NCFCU in its members’ behalf. NCFCU is known for our strong member orientation. 
  

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Field of Membership 

The field of membership shall be limited to those having the following common bond: 
Our Original field of membership was persons residing or regularly employed in Norfolk and within a five mile radius of the Norfolk Post Office and also included are employees of this credit union and members of their immediate families and organizations of such persons. This charter seemed sufficient to fulfill the needs of this small bedroom community whose population at this time was just over 2000. 
 
However as Norfolk grew and the demographics of the community changed, then the credit union’s focus was to grow to adapt to the changing financial demands of the community. We moved to a larger location in 1999 to accommodate our increasing office traffic and in 2001 applied for, and were granted a change in our field of membership to how it stands today. 

Nowadays Norfolk Community Federal Credit Union’s field of membership shall be limited to those having the following common bond – Persons who live, work, worship or attend school in, and business and other legal entities located in the following municipalities in Massachusetts: