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It was founded in 1961 as the IBM Rochester Employees Credit Union. Somewhere between 1961 and 1994 they became IBM Mid-America Credit Union . In 2003, IBM Rochester Employees Credit Union became Think Federal Credit Union , and in 2007, it became Think Bank, and gave services to everyone, not just people who worked for IBM .
The AFL–CIO Employees Federal Credit Union is a multiple common bond, federally chartered credit union headquartered in Washington, D.C. The credit union was founded in 1952 for members of the AFL–CIO. It currently has two locations serving 9,723 members. AFL–CIO Employees FCU has assets of $76 million.
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
CEFCU membership criteria allow employees of Caterpillar Inc. and Caterpillar dealers, partner companies (those working for about 550 specific companies with a CEFCU relationship), plus individuals who live or work in fourteen central Illinois counties, or who live, work, or worship in three California counties to belong to the credit union.
Credit Union 1 is a credit union based in Lombard, Illinois. Its service area spans the Chicago metropolitan area, the northern and central regions of Illinois, northwest Indiana, and the Las Vegas metropolitan area. [1] CU1 serves approximately 89,000 members throughout Illinois, Indiana, Georgia and Nevada.
ESL Federal Credit Union is a full-service financial institution with headquarters in Rochester, New York. The locally owned financial institution employs more than 870 people in Rochester, New York, and includes more than 376,000 members and 11,800 businesses.
The credit union began with $437 in assets and 17 members and was first operated from the basement of Raleigh's Agriculture Building. [6] By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members.