Federated Employees Credit Union is a member-owned, not-for-profit cooperative organized to provide financial service to members. FECU was established by 26 Federated Insurance employees on January 19, 1934. Members have access to financial products and services, share in the profits, and elect directors. Membership is available to all Federated Insurance Companies employees and retirees, their spouses, children, grandchildren, parents, and siblings.