Get to Know Palisades

Our Mission

Better banking, better solutions

Our Vision

To build valued relationships through a lifetime of financial solutions.

Our History

1941
Palisades Credit Union started out as the Lederle Employees Federal Credit Union (LEFCU). LEFCU was originally charted in 1941, by a small group of employees of the American Cyanamid Company. They were dedicated to building a financial institution that would provide outstanding financial services at the lowest possible cost.

1996
Over the ensuing years Lederle Employees Federal Credit Union grew to include the immediate family members of existing members and introduced new products and services. In 1996, LEFCU changed its name to Palisades Federal Credit Union and began to acquire new Select Employee Groups into its field of membership.

2002
In June of 2002, we became the first federal community chartered credit union in Rockland County to serve all persons who live, work, worship, or attend school in Rockland County, New York.

2017
In June of 2017, Palisades Credit Union expanded its community charter to serve all persons who live, work, worship, or attend school in Rockland County, New York or Bergen County, New Jersey. 

In October of 2017, Palisades Credit Union assumed most of New York State Employees Federal Credit Union's assets and all member shares and loans. Palisades Credit Union now services all persons who live, work, worship, or attend school in Rockland County, New York or Bergen County, New Jersey; and employees of the State of New York who work in one of the five New York City boroughs. 

2018
In October of 2018, Palisades Credit Union assumed the majority of Radio, Television and Communication Federal Credit Union's assets and all member shares and loans. Palisades Credit Union now services members of Radio and Television Broadcast Engineers Local 1212, International Brotherhood of Electrical Workers, AFL-CIO, in New York, NY and employees of USA Networks, who work in or are paid from New York, NY.

Today
With over $150 million in assets and over 11,000 members, Palisades Credit Union still strives to provide members with first class financial services.