About Us / About CP Federal

Thinking About Joining?

Take a look at what CP Federal is all about below. Once you see there is no way you could pass up on being a member with us, click the "Compare Our Accounts" button and join today! 

Our Culture

We are CP Federal. A crazy-smart, wickedly talented team who have a HUGE passion for serving members, the community, and each other. We work for the WOW, go for the GUSTO, and promote fun and a little weirdness everyday.

Our Vision

We are committed to making a difference by being a high performance credit union dedicated to our members, employees, and community.

Our Values

Professionalism: Our professionalism is not defined by the position we hold nor our appearance. Rather, it is defined by our internalized character, strengths, and values that direct us toward being a high performance credit union.

Integrity: We act with courage, consistency, and respect to do what is honest, fair, and trustworthy resulting in WOW service for our members.

Confidentiality: We ensure information is only accessible to those who have the authority to access it. We are personally committed to safeguarding our members' information.

Knowledge: The awareness or understanding of circumstances or facts we gain through education, association, and/or experience. We are committed to questioning the processes, seeking out answers and asking our members how we can assist them to make the CP Experience personal.

Our Mission

To be the primary choice for our members' financial needs by providing the best service our members have ever experienced.

What's 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 result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution that exists to benefit them, not to make a profit.

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.

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. 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.

CP Federal Credit Union History

On April 28, 1953, an organization committee comprised of Benjamin Charters, Walter Boris, Earl Devine, Henry Abrahamse, F.C. Voss, C.E. Hayes, and William Audas met to form a financial cooperative, better known as the Jackson Consumer's Power Employees Federal Credit Union.

The credit union was organized to provide its members with a safe, convenient place to save and a source of credit, when needed, at or better than competitor's rates.

Throughout its history, CP Federal Credit Union has had many loyal and dedicated volunteers and staff to serve our membership making us one of the strongest and financially healthy credit unions in the nation.

In 1991 we underwent a name change to CP Federal Credit Union. This change was more reflective of our total membership and helped provide the ability to acquire more community partners.

2017/18 Rebate

This year we are doing a 4% Interest Rebate and Bonus Dividend to all members who have an account in good standing and a loan with us throughout 2017! That brings us to a HUGE total of $8.9 million going back to members over the past 28 years!

Thinking about becoming a member? Don't miss out on all of the great things membership with CP Federal can offer you, including the Interest Rebate and Bonus Dividend. Compare our accounts and join today!

*2017 Interest Rebate & Bonus Dividend. Excludes IRA’s, Term Share Certificates, Business Loans, Business Accounts, Visa & Auto Leases. Some restrictions may apply.