The PROPOSED Diaspora Federal Credit Union applied with the Federal government to obtain a charter (license) to operate. We have obtained "Preliminary Field of Membership" approval from the National Credit Union Administration, an essential step in the licensing process. As we work through the final steps of licensing we need to increase our membership and we ask that you SIGN-UP and join us as we advance this noble cause. You must reside in the United States to sign-up.
We are open to customers from all lifestyles who fall within our common bond, i.e. Kenyans in the United States and their families and friends, a demographic with a unique set of financial needs that require an integrated platform to provide solutions to those needs. As a financial institution, Diaspora Federal Credit Union will play a pivotal role in consolidating investable capital,as well as improve members' finances. It will help restructure and transform our collective economy by creating a platform upon which members can access all kinds of financial services including bank accounts, investment products, insurance services, personal loans, mortgages, student loans, car loans, etc. We need our own Credit Union to serve our unique financial needs – Diaspora Federal Credit Union is the answer.
Being a member of a credit union is a distinct experience. Unlike banks, are a not-for-profit financial institution that doesn’t answer to stockholders, just your best interests. Credit Unions are cooperatives owned and managed by members wherein each account holder is an owner. They offer their members many advantages compared to other financial institutions. According to the Credit Union National Association, Credit Unions: