SAG-AFTRA Federal Credit Union

SAG-AFTRA Federal Credit Union

Member-owned credit union for performers' finances

Overview

SAG-AFTRA Federal Credit Union is a not-for-profit, member-owned financial cooperative serving performers and other entertainment-industry workers. It collects member deposits and uses them to offer loans, savings accounts, and services tailored to fluctuating income and union dues. Operated as a cooperative, members elect a board and profits stay with members. Its focus on the entertainment field, born from performers and unions, differentiates it by providing products designed for irregular pay, career stages, and dues payments. The goal is to give members a stable financial safety net and access to affordable financial services that help manage income variability and support union-related needs.

About SAG-AFTRA Federal Credit Union

Simplify's Rating
Why SAG-AFTRA Federal Credit Union is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Stockholm, Maine

Founded

1962

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Simplify's Take

What believers are saying

  • 2026 rates show active lending, including 4.49% auto loans and 3.00% certificate-backed borrowing.
  • Updated 2026 product pages show ongoing investment in digital checking and direct deposit.
  • Pension-plan merger progress in 2026 supports member finances and strengthens union-adjacent loyalty.

What critics are saying

  • Assets fell to $348.7 million in Q1 2025, signaling shrinking balance-sheet scale.
  • Deposits dropped to $305.8 million in Q1 2025, tightening funding for loan growth.
  • A membership base tied to entertainment work creates concentration risk if strikes persist.

What makes SAG-AFTRA Federal Credit Union unique

  • Coogan Expert status gives SAG-AFTRA FCU a durable niche with child-performer families.
  • Teen Performer, Senior Checking, and Coogan accounts tailor banking to entertainment-life stages.
  • Member-owned credit union aligns incentives with performers, not Wall Street shareholders.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Sick Leave

Holidays

401(k) Retirement Plan

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