Membership Eligibility

Frequently Asked Questions

• Q: Can a member of my immediate family or household also join BFSFCU?
  

  A:  Yes! Membership extends to immediate family members and household members of persons who are eligible for credit union membership. If you can't or don't want to become a member of BFSFCU right now, your immediate family members and household members can still join as long as you are still an employee or retiree of the groups noted above.

  Immediate family member means spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, stepsiblings, and adoptive relationships.

  Household members are defined as persons living in the same residence who maintain a single economic unit. This includes any person who is a permanent member of and participates in maintenance of the household (for example, two people sharing an apartment could be considered a household). When it's time for your family or roommate to join, simply have them list your name and your relation on the membership application under "Eligibility."

  Certain organizations, comprised of persons who qualify for membership individually, such as ski, bridge, investment or flying clubs, may open organizational accounts with BFSFCU. If you are unsure of your eligibility for membership, please contact us.

• Q: Are World Bank Group country office staff eligible to open a membership with Bank-Fund Staff Federal Credit Union?
  

  A: Yes, all WBG staff and their immediate family members are eligible for membership

• Q: What type of accounts can WBG staff open at Bank-Fund Staff Federal Credit Union?
  

  A: All staff are eligible for our Checking, Savings, and Share Certificates.  IRA accounts (retirement accounts) are also available but qualification depends on the individual member’s tax status.

• Q: Are there any restrictions on opening new Bank-Fund Staff Federal Credit Union membership for staff working at the World Bank Group country offices that are on OFAC Sanctions list?
  

  A: Yes.  If a member is a citizen of/resides in a country that is on the OFAC Sanctions list, we are prohibited by these sanctions from opening membership/accounts.  If a citizen of an OFAC sanctioned country is residing in the United States of America or in a non-sanctioned country we may be able to grant membership with certain disclosures. 

• Q: Are members who are working in the World Bank Group country offices eligible to borrow money?
  

  A:  If the country office staff has U.S. derived income (income earned in the U.S.), they are eligible to borrow money.  For country office staff, whose income is not U.S. derived, we offer a Secured Visa Platinum Card that allows Country Office staff to build credit history in the U.S.  Helpful for staff members that may transition to the U.S. in the future.