Chartered in 1953 as a credit union for post office employees, CACL was named for the Carriers and Clerks that worked there. CACL operates as a member-owned cooperative financial institution. Governed under stringent federal rules and regulations, CACL is supervised and insured by the National Credit Union Administration (NCUA), a federal agency of the United States Government. After operating expenses and funding reserve requirements, the members directly benefit from the earned profits via higher dividends and increased member services.