Trade Federation Credit Union

In Year 27, the Trade Federation branched out into the financial sector, with the opening of the Trade Federation Credit Union (TFCU).

On the opening, Tovakinpi Toshikahan had this to say in his announcement:

Greetings fellow members of the Trade Federation Family. I am pleased to announce the grand opening of the Trade Federation Credit Union that was announced originally during last month’s member meeting. This Credit Union has been a dream of mine years in the making and I am glad that it has finally been able to be brought to fruition. My dream has been a financial institution made for and ran by the members of the Trade Federation, allowing us to put our credits towards helping each other achieve our dreams.

As a cooperative, members are able to deposit credits into a savings account, which can then be used by other members through loans and revolving lines of credit to purchase assets that they would not otherwise be able to afford and as loans are paid back, the savings account will generate interest.

What makes this unique is that it will be entirely member ran. A three person Board of Directors will be implemented to help steer the TFCU, setting interest rates and deciding whether to approve or deny loan requests.