Machinists-Boilermakers Federal Credit Union traces its roots back to 1961. Machinists-Boilermakers Federal Credit Union is a member owned financial institution where members save and borrow. Your credit union is a not-for-profit organization where earnings are returned to members through dividends and by new services. Because we area a not-for-profit financial cooperative, our success is measured by the level of member satisfaction, not just the bottom line.Federal credit unions, like ours, are chartered and supervised by the National Credit Union Administration (NCUA) which is an agency of the federal government. Also, the NCUA administrates the fund that insures members’ accounts to at least $250,000.00.