The Georgetown University Alumni and Student Federal Credit Union (or GUASFCU) is a credit union headquartered in Washington, DC, chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the US federal government. GUASFCU has proudly served the Georgetown community since 1983 and is the nation's largest entirely student-run credit union both in asset size and in membership.
On February 9, 1983, the Georgetown University Student Federal Credit Union (then GUSFCU) was formally chartered by the National Credit Union Administration. At the time, it was "hailed" as a model for future student credit unions. The GUSFCU's founders received permission from the university administration to open on the second floor of the O'Gara building. Georgetown University became the first private university to have an independent, student-run credit union. Initial capital was raised by hundreds of students who pledged a total of approximately $500,000 in deposits, as well as a certificate of deposit by Georgetown University for $100,000.
By 1985, total asset levels exceeded $1,000,000. In 1994, the GUSFCU officially became the Georgetown University Alumni & Student Federal Credit Union (GUASFCU) to better represent its growing alumni base. GUASFCU has grown into the largest entirely student-run financial institution in the United States. In February 2008, GUASFCU celebrated its 25th anniversary. Its current membership base is split between students and alumni, with over 70 percent of the Georgetown community holding accounts. GUASFCU has over $15 million in assets and over 11,000 accounts; additionally, it retains a loan portfolio of approximately $1.8 million, consisting of signature and auto loans.
Through the transition into the 21st century, the GUASFCU continues to make members its main priority, with continued changes to better serve the students and alumni of Georgetown University. Through the introduction of new programs, the Credit Union seeks to become and remain your financial institution long after graduation. What began as a dream in the minds of a few visionary students became a reality with the formation of an institution aimed at providing an affordable variety of financial services to the students and alumni of Georgetown.
Here's what's new in our latest update:
- Mobile account page experience redesign and other enhancements that make banking easier for you
Ratings and Reviews
Love this app! Makes mobile banking app easy, and I can transfer funds from external accountd in a pinch. So many great features!
Just don’t open an account with Guasfcu
Guasfcu is a bank run by college students. Theoretically that shouldn’t be disqualifying, but in practice, at least in this instance, it is. Service is bad. Communication is bad. Knowledge-base is lacking. Features are so so dysfunctional. Just don’t bother. And definitely don’t go here for anything other than a checking account. It’s hard to get money in. It’s hard to get money out. Seriously terrible.
Good app. I wish Face ID worked. It appears as though it’s set up but doesn’t actually grant me access once my face registers. It just stays on the loading screen.
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- Georgetown University Alumni and Student Federal Credit Union
- 18.5 MB
- Requires iOS 12.0 or later.
- Requires iPadOS 12.0 or later.
- iPod touch
- Requires iOS 12.0 or later.
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Age Rating
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