6/9/2016 5:15:00 PM

CHICAGO (ELCA) – The ELCA Federal Credit Union, the new credit union of the Evangelical Lutheran Church in America (ELCA), celebrated its grand opening with a ribbon-cutting ceremony June 6 at its headquarters in The Lutheran Center in Chicago. This is the first credit union chartered by the National Credit Union Administration to open in Illinois in 10 years. The institution will serve ELCA members, congregations and ELCA-related ministries and their employees.

“We’re so excited to be offering this new opportunity for all of our members and those affiliated ministries around the country,” said the Rev. Arnold Pierson, president of the ELCA Federal Credit Union. “Our prime responsibility is to be able to offer all members of the church a socially responsible way to connect their financial services.”

The ELCA credit union supports the ELCA’s mission to promote wise stewardship of members’ and congregations’ financial resources, based on the ELCA’s social statement on economic life, “Sufficient, Sustainable Livelihood for All.” The statement, adopted by the 1999 ELCA Churchwide Assembly, expresses ELCA teaching that economic activity is a means through which God’s will is served for the thriving and wellbeing of humankind and the care of the earth.

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