Chadwick Federal Credit Union

About Us / Our Products

The Chadwick Federal Credit Union was founded in 1968 for the benefit of the employees of Factory Mutual Insurance company and their families. The credit union was founded by nine charter members who are almost all still members of the credit union today! The credit union got its name from the building in which it was founded, the Chadwick Lead Works Building in Boston, Massachusetts and has served "The Worlds Leaders In Loss Protection" ever since! The purpose of this credit union is to promote thrift among its members by affording them an opportunity to accumulate their savings and to create for them a source of credit for provident or productive purposes. To this end we offer a variety of savings and loan products to meet all of our members' financial needs. Qualifications for Membership. Credit unions are really private clubs open to specific members that share a common bond, like employment for example, a unique feature that binds them together. The field of membership in Chadwick FCU is limited to those having the following common bond: 1. Employees of the Factory Mutual Insurance Company (FM Global) and its wholly owned subsidiaries. 2. Affiliated FM Insurance Company, FM Global Technologies LLC, FM Insurance Company Limited, Hobbs Brook Management LLC, and TSB Loss Control Consultants, Inc. who work in or are paid from Johnston, Rhode Island. 3. Employees of Factory Mutual International (except foreign nationals at foreign locations). 4. Spouses of persons who died while within the field of membership of this credit union. 5. Employees of this credit union and people retired as pensioners or annuitants from the above employment and members of their immediate family or household; organizations of such persons.
Remember that all credit unions retain the "Once a member always a member" clause! Members of this credit union may retain membership for life even though they may later leave the field of membership. To join the credit union all you have to do is stop in one of our offices and see one of the staff. We will take all the necessary documentation and open the account. Membership requires that you subscribe to at least one share in the institution which represents a $25 deposit. Upon receipt of your initial deposit we will assign you your account number and then you are free to access all credit union services! So stop in and see all the great products and services that we offer, the credit union is here to serve you and make your financial life as easy as possible. In this day of big banks and increasing fees and charges, we will work to provide you the best quality financial services at the lowest or no cost!