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About us
Our mission statement
Fannie Mae Federal Credit Union, as a financial cooperative, is dedicated to
helping our  members satisfy their financial service needs and achieve
their financial goals. We seek to serve our members as their primary
financial institution while being competitive in the marketplace, maintaining
a secure capital base, and utilizing professional and competent staff and
volunteers.
Who we are
Fannie Mae Federal Credit Union was created on October 1, 1971 to provide
Fannie Mae employees, their immediate families, and retirees with an
alternative for their saving, borrowing, and other financial service needs.
The credit union is served by a small staff, as well as
a large group of volunteers.
The credit union is a
separate entity from our corporate sponsor, Fannie Mae, and is chartered and
operates under federal law. As such, it is supervised, regulated, and insured
by the National Credit Union Administration (NCUA), a U.S. government agency. Your savings at the credit union are
insured to $100,000 by the NCUA. (Read about Your Federal Share Insurance [.pdf].) The credit union handles no cash; all
transactions are by check or money order. Please note that all member
information remains confidential and the property of Fannie Mae Federal
Credit Union.
Each member of Fannie Mae
Federal Credit Union is important to us. And as a member, you are also an
owner. The people you elect to serve on the board of directors as volunteers
— individuals with needs and goals similar to yours — determine
the policies and direction of the credit union. Volunteers also participate
on various committees and serve as advisers. Credit unions are “not for
profit” financial institutions, so profits are returned to the
membership in the form of lower loan rates, higher savings rates, and other
services that are free or very affordable.
Information on the unique
history of credit unions is available from NAFCU,
The National Association of Federal Credit Unions, and NCUA, the National Credit Union Administration.
Our staff (Washington, DC)
Our volunteers
The credit union
is governed by a volunteer board of directors and volunteer advisors. Each
member of Fannie Mae Federal Credit Union has the privilege of voting for the
board, which consists of employee and former employee members of the credit
union. The board determines the policies and procedures of the credit union,
as well as savings and loan rates, new services, and guidelines for granting
loans. Our advisors provide us with expertise on a number of issues,
including investments, marketing and technology. They, and other credit union
volunteers, also serve on our committees.
Board of Directors
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Title
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Name
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Chairman
and Director
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Robert
Catalanotto
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Director
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Helen
Bunn
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Director
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Kevin
Hickey
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Director
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Susan
Mickelson
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Director
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Loleta
Abdullah
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Director
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Larry
Stowers
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Director
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Peter
Savarino
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Director
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Tim
Hyde
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Director
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Jean
Schreier
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Director
Emeritus
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Bill
Cupp
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Security
Officer
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Tim
Hyde
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General
Counsel
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Gregory
Wach
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Advisor
Paul Barretto
Committees
Credit
Committee
The Credit Committee meets weekly to review loan applications submitted by
credit union members that are outside the standard variances that the credit
union's loan officer is permitted to approve. The Credit Committee consists
of five members and two alternate members. The Credit Committee members are
elected by the Fannie Mae Credit Union Board of Directors and serve a
two-year term.
A minimum of three Credit
Committee members must review each application to determine whether the
applicant’s request should be approved or denied. The manager of the
credit union also attends these meetings to provide guidance and relevant
borrower information.
In addition, the Credit
Committee provides valuable input for new products, as well as additions and
modifications to existing policies and procedures.
Robert B. Schmidt, Chair
Ezzard Alves, Member
Scott Douglass, Member
Stacie Sakay, Member
Wendy Wood, Member
Bonita Jones, Alternate
Supervisory Committee
The Supervisory Committee works to protect members’ interests by
ensuring that the credit union's activities comply with the requirements of
the Federal Credit Union Act, Bylaws, and Rules and Regulations. Members of
the committee also monitor cash transactions, review policies and procedures,
investigate members' complaints, and make recommendations for improving the operations
and services of the credit union.
Jean Schreier, Chair
William Cupp, Member
Timothy Hyde, Member
Investment
Committee
 While the board of directors is ultimately responsible for supervising
the credit union’s investment activity, the Investment Committee
manages surplus funds available to the credit union by converting excess
funds into earning assets. The committee makes recommendations regarding
investments to be purchased and sold, with the goal of maximizing the return
to the credit union under acceptable levels of risk assumption and liquidity
potential.
Mary Beth Preuss, Chair
Helen Bunn, Member
Susan Mickelson, Member
Location and hours
Office location: First
floor
4250 Connecticut Ave, NW
Washington, DC 20008
Mailing address: 3900
Wisconsin Ave, NW
Mailstop 8H/102
Washington, DC 20016
(202) 752-4863 or (202)
752-6662
(202) 752-3563 (fax)
Hours: 9:00 a.m. to 3:00 p.m.
Monday through Friday
Regional office
representatives
Fannie Mae Federal Credit Union representatives are available in each regional
office to assist regional office members with questions, transactions, and
forms.
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Atlanta
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Sheila
McClendon
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Resource
Management
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(404)
398-6212
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Chicago
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Earl C.
Horne
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Resource
Management
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(312)
368-6200
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Dallas
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Ann Marie
Barron
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Resource
Management
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(972)
773-4663
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Philadelphia
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Beverly
Lopez
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Resource
Management
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(215)
575-1434
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Pasadena
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Barbara
Wertz
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Resource
Management
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(626)
396-5302
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Annual Reports
1997 Annual
Report
1998 Annual Report (PDF, 15KB)
1999 Annual Report (PDF, 111KB)
2000 Annual Report (PDF, 89KB)
2001 Annual Report (PDF, 317KB)
2002 Annual Report (PDF, 64KB)
2003 Annual Report (PDF, 187KB)
2004 Annual Report (PDF, 150 KB)
2005 Annual Report (PDF, 76
KB)
2006 Annual Report (PDF, 78 KB)
CU Home | About
us | Membership | Savings
products
Loans | Visa Check and credit
cards | Convenience services
Rates/Fees | Want to volunteer?
| Chairman's Corner | Contact
us
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Your savings insured to $100,000
by NCUA.
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The Fannie Mae Federal Credit Union does business in
compliance with the Federal Fair Housing Laws and the Equal Credit
Opportunity Act.
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©1999-2008 Fannie Mae Federal Credit Union. All Rights
Reserved.
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