Originally chartered in 1952 as the Salt Lake VA Employees Federal Credit Union, the institution has grown significantly through mergers and expanded its field of membership. As a member-owned, not-for-profit financial cooperative, American United Federal Credit Union's mission is to be its "members' financial family for life." It focuses on providing a comprehensive suite of financial products, including savings and checking accounts, auto loans, mortgages, and personal loans, while returning profits to members through lower loan rates and higher savings yields.