The mission of the Houston Metropolitan Federal Credit Union (Formerly Houston Municipal Employees FCU) is to provide excellent products and services which will improve the individual member's economic position and quality of life. In 1945, the Credit Union was chartered for the purpose of offering benefits to all City of Houston and Harris County Hospital District employees and personnel. Our Credit Union gives this authentic group of membership, both savers and borrowers, an economic advantage over other financial institutions with the same or similar services. Our members are united by common bonds and democratically operate the Credit Union under federal regulation. Our members elect from among themselves the volunteers to serve on the Board of Directors, which sets policies and establishes bylaws for the credit union. The job of running the day-to-day operation of the Credit Union is delegated to the professional staff. After deducting expenses and funds for reserves, as required by law, Credit Union income is returned to the members as dividends on savings, as lower interest on loans and/or as free or low-cost special services.