The credit union cooperative concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool for members to borrow from at lower interest rates. Today's credit unions are similar. A credit union is a member-owned and not-for-profit financial cooperative. Deposits provide money for members who need loans. Members usually earn higher dividends on savings and pay lower interest rates on loans. Currently, there are over 11,700 credit unions in the United States with more than 74,000,000 members. Although credit unions have changed over the years to meet the demands of their members, our long-standing philosophy of 'People Helping People' has remained the same. USPS FCU is part of a long-standing tradition in personal financial management. USPS FCU has been serving its members since 1934 when it was founded to serve employees of the U. S. Postal Service. We now serve over 23,300 members. Our membership also includes members from several Select Groups (SG). Email id based on pattern