Like people, not all financial institutions are alike. People like you look for better alternatives to managing their money. U. S. Postal Service Federal Credit Union (USPS FCU) offers you an option. You can choose to eliminate high-interest loans and high fees by choosing to join our Credit Union. U. S. Postal Service Federal Credit Union is uniquely different from a bank, finance company, Savings & Loan, or Thrift. Once you join, you'll be immediately eligible for our low or no-fee financial services, lower interest rates for loans, and higher yields on investment and savings accounts, plus outstanding member services and the attention you deserve. Joining is easy. If you click here to see if you are eligible, just open a Share Account which represents your ownership in the Credit Union. Your share begins your lifetime of Credit Union benefits.
What is a Credit Union?
The credit union cooperative concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool for members to borrow from at lower interest rates. Today's credit unions are similar. A credit union is a member-owned and not-for-profit financial cooperative. Deposits provide money for members who need loans. Members usually earn higher dividends on savings and pay lower interest rates on loans. A volunteer board of directors is elected by members to manage a credit union. As of September 30, 2018, there are over 5,436 federally insured credit unions in the United States with more than 115.4 million members. Although credit unions have changed over the years to meet the demands of their members, our long-standing philosophy of 'People Helping People' has remained the same. USPS FCU is part of a long-standing tradition in personal financial management. USPS FCU has been serving its members since 1934 when it was founded to serve employees of the United States Postal Service. We now serve over 24,781 members. Our membership also includes members from several Select Groups (SG).
Board of Directors & Supervisory Committee
U. S. Postal Service Federal Credit Union is a member-owned and operated, not-for-profit financial cooperative chartered under federal law. USPS FCU has been providing sound financial support for its members for many years through the efforts of its Board of Directors, Supervisory Committee, and professional staff. Each group performs different functions to ensure the integrity and soundness of the Credit Union.
The Board establishes loan and savings policies and directs the affairs of the Credit Union. The Supervisory Committee oversees the financial affairs and strength of your Credit Union. If you would like to know more about the functions of your Board and Supervisory Committee, give us a call and/or attend the Annual Meetings.
Board of Directors
Michael E. McCartney
Mr. McCartney, a member since 1981, served on the Board since 1996 and is currently Vice Chairman of the Board. He served as Chairman for over 10 years. Mike earned a BS in Accounting an MPA and has over 30+ years’ experience in various positions in finance with the US Postal Service. His responsibilities before he retired, included reporting on major capital investments to senior management and the Board of Governors.
John F. Rosato
Vice Chairman/Director of Marketing
Mr. Rosato became a member in 2012. He is currently employed as a corporate law attorney at U. S. Postal Headquarters. He has also served as an attorney-advisor at the U. S. Regulatory Commission, which oversees postal rates. Mr. Rosato holds a BA from the University of Richmond and a JD/MBA from the University of Connecticut. He is also the author of a published article examining the relationship between banking regulations and the 2007 financial crisis. He will actively seek out your concerns and work diligently to ensure USPS FCU’s continued success.
Thomas Dale Jr.
Secretary/Treasurer/Director of Finance
Mr. Dale has been a member of the USPS FCU since 1984, served on the Supervisory Committee for eight years, and has been on the Board for six and one-half years. He served as Secretary/Treasurer of the Board and has served three years on the Board of the American Bowling Congress. He retired after 42 years as an accountant in the USPS Headquarters Finance Group in 2008. He holds a BS degree in Business Administration from the University of Alaska, Juneau.
Richard E. Gatewood
Director of Technology/Operations
Mr. Gatewood has been a member of the Credit Union since 1980. He has served on the Board as Chairman, Vice Chairman, Director of Operations/Technology and the Supervisory Committee for two years prior to being elected to the Board in 1991. He is a former Postmaster and retired Financial Systems Specialist, EAS-25, with the Postal Service in Revenue Assurance with 37 years of service. He graduated from Rutgers University with a BS in Accounting and has extensive credits in an Administrative Science Master’s Program at GW University.
Gilbert A. Ford, Jr.
Director of Strategic Planning
Mr. Ford has been a member of the credit union since 1990 and served on the Board for the past 20 years. He has served as Vice Chairman, Finance Director, HR Director, and Strategic Planning Director. His 13 year Postal career included working on National Programs from a financial perspective. Mr. Ford also worked in various financial capacities for approximately 10 years with the General Services Administration. Currently, Mr. Ford is the Budget Director with the Federal Election Committee (FEC). He has served as Secretary/Treasurer of the Credit Union and as Trustee and Treasurer of his Church. Mr. Ford holds a BS from Florida A&M University and an MBA in Accounting from LaSalle University (Philadelphia).
Director of Human Resources
Mr. Yessian, a retired Postal Executive, has been a member of the USPS FCU since 1972. He served in the Headquarters Finance Group and Engineering. Mr. Yessian was a Board member or Chairman of the Supervisory (Audit) Committee of the CU from 1992 to 2014. His responsibility required knowledge of banking operations, regulations safeguarding member’s deposits and hired the outside auditors. As a member of the Board, he has led the Board’s initiatives on Facilities, Mergers, HR and Marketing. He has college degrees from City University of NY and NY University emphasizing business and technical disciplines.
Timothy S. Gavagan
Mr. Gavagan joined the Credit Union in 1993 and the Board in 1999. He has served as Vice Chairman, Finance Director, HR Director, and Strategic Planning Director. He holds a degree from NY University and attended Hunter College, CCNY and Long Island University for studies in business communications, finance, accounting and marketing. During his USPS career he worked in the areas of business communications, management systems auditing, supply chain management and journalism.
Chairman: William Batterton
Member: Amy Rose
Member: Richard Strasser, Jr.
Member: Leonardo Green
Member: Phillip Brady Hayden
If you are interested in volunteering for the Supervisory Committee or have any concerns that deal with integrity, accounting, internal controls or other auditing matters, please contact us at:
U. S. Postal Service Federal Credit Union
ATTN: Supervisory Committee
7905 Malcolm Road
Clinton, MD 20735-1730
USPS FCU Shared Vision, Mission, and Values
Our vision is to become the preferred financial institution for those we serve.
Our mission is to provide top quality service that helps members improve their financial lives.
We will achieve our shared vision and mission by believing and practicing our shared values of:
- INTEGRITY: Be Honest and Respectful
- SERVICE: We Care
- INNOVATION: Easy Access, Everywhere
- FISCAL STABILITY: Securing the CU's Future
- EDUCATION: Helping members achieve financial independence