Sector

Credit Union

Contact detail

(0082-2)427201202

nacufok@cu.co.kr

General Profile

The National Credit Union Federation of Korea (NACUFOK) is a non-profit institution which is an apex trade association, financial intermediary, and business organization consisting of all CUs.

As a trade association, NACUFOK represents member credit unions to the government, the regulator, and the international credit union society. It conducts publicity, supervision, management consulting and education. As a financial intermediary NACUFOK manages an inter-lending service as a central financial facility and it invests the surplus funds in high grade mutual funds, government and corporate bonds, and other securities.

NACUFOK offers a variety of mutual insurance services to members with 53 products and 594,750 contracts via credit unions.
A credit union is a non-profit financial cooperative which offers a wide range of banking services to members. According to each field of membership, credit unions are classified into community, employee, and association/group based credit unions. Other than financial services, a credit union promotes community development through education, social activities, and by providing funding to disadvantaged people.

Website
www.cu.co.kr