Established in 1940 by Rev. Adam Clayton Powell Jr., the Abyssinian Baptist Church Federal Credit Union (ABCFCU) is a not-for-profit organization that provides various financial products to members in the tri-state area. The ABCFCU is federally chartered and deposits are insured up to $250,000. It is registered as an associational (religious) credit union; membership is open to active members of the Abyssinian Baptist Church, church employees and their families. The credit union is governed by the National Credit Union Association (NCUA) and has CDFI (Community Development Financial Institution) certification by the United States Treasury Department. The credit union continues to grow its membership with a goal to become a multiple common bond with assets more than $1.1M.