In 1982 , four students wanted to help the school 's community with their banking , ultimately chartering the Georgetown University Student Federal Credit Union with the National Credit Union Administration on February 9 , 1983 . At the time , Riggs Bank was the only campus option . Students Alyce Russo , Len Schoppa , and Kyle Stevenson did much of the credit union 's setup work , receiving permission from the university administration to open on the second floor of the O'Gara Building prior to its demolition in 1984 . George Houston , then Georgetown University 's treasurer , also helped the group by securing an investment of $ 100,000 from the school . GUAFSCU was able to offer debit cards to members early on , due to an affinity agreement with MBNA , itself founded in 1982 by Charles Cawley , a Georgetown alumnus . The credit union later moved to the Leavey Center , where it pays rent to the school . In 1994 , GUSFCU officially became the Georgetown University Alumni and Student Federal Credit Union ( GUASFCU ) to emphasize the importance of graduates to its membership base . In the wake of the September 11 attacks , the credit union matched any donations made to the Red Cross by members . In 2007 , the credit union helped organize seminars for graduating seniors on financial literacy . The credit union celebrated its 25th anniversary in 2008 with an address from the Vice Chairman of the National Credit Union Administration , Rodney E. Hood , who praised the union for its service . In 2010 , the organization was criticized for sharing its customer list with Bank of America as part of a seven-year affinity agreement the banks signed in 2007 . In 2011 , GUAFSCU worked with The Corp and '' The Hoya '' to create the Reimagine Georgetown Partnership , which gave grants of between $ 500 and $ 10,000 toward innovative campus projects . That year they also built upon previous efforts begun in 2006 with their '' ommon $ ense '' financial literacy courses for graduating seniors , expanding the weekly courses to a full month
September 11 attacks
September 11 attacks
Georgetown University Alumni & Student Federal Credit Union