Inception and Mission:
Everest Federal Credit Union (EFCU) stands apart as the only financial institution in the USA built by Nepalis for Nepalis. Ideas begin in 2015 but officially chartered in 2018 with humble beginnings in New York, EFCU was established to address the unique financial needs of the Nepali community in the United States. Our mission is clear: to empower our community members to achieve financial well-being through personalized service, innovative products, and an unwavering commitment to excellence.
Everest FCU’s Core Mission and Vision:
Mission: To empower our community member to achieve financial well-being through personalized service, innovative products, and unwavering commitment of excellent service.
Vision: To be the leading financial institution in our community, recognized for our exceptional member service, strong financial performance, and positive social impact.
Our Story
Everest Credit Union began its remarkable journey in 2018, proudly originating in New York. Founded as the only Financial institution built by Nepalis for Nepal, our modest beginnings have paved the way for ambitious growth. Committed to serving our community, we strive to provide tailored financial solutions to individuals and businesses. Our vision is to become the largest credit union in the country, a testament to our dedication to serving and empowering our members. Join us on our extraordinary journey towards financial empowerment and success.
Everest Strength
EFCU boasts a significant advantage in its target audience— the Nepali Communities in the USA—who are already familiar with cooperative banking practices in Nepal. By highlighting the similarities between Nepali cooperative banking and U.S. credit unions, as well as showcasing the extensive range of banking services offered by EFCU, we aim to seamlessly convey the benefits to potential members. Leveraging this existing knowledge, we anticipate that individuals with prior experience in cooperative banking in Nepal will readily recognize the value proposition of EFCU. Additionally, here are further strengths EFCU offers to potential members:
- Language Accessibility: Our staff at EFCU are fluent in Nepali, ensuring seamless communication and enhancing member experience.
- Community-Centric Approach: EFCU serves as a community bank for Nepali-Americans, filing a vital gap in financial services industry within the Nepali Community in USA.
- Community Engagement: Since its inception, EFCU has sparked a movement within Nepali communities nationwide, rallying support and participation in fundraising efforts and promotions.
Everest Goal
- Enhance financial stability by boosting average household savings.
- Introduce essential products and services tailored to members’ needs.
- Empower members through shared ownership, fostering financial capability.
- Offer comprehensive financial education to the community.
- Expand access to banking services for underserved community members.