In the beginning.
USAgencies Credit Union was founded as Portland Federal Employees' Credit
Union in October 1936 with 45 members and a combined savings of $910.50.
The first president and operations manager was L. J. Caufield, employed by
the Bureau of Public Roads. In November 1940, Ralph A. Moore became the first
full-time Treasurer-Manager of the Credit Union. Financial services were
provided to active US civilian federal employees in Oregon from office space
provided by the Alcohol Tax Unit. Our primary field of membership included
active civilian federal employees and their family members, regardless of
location, and retired federal employees who reside in Oregon, to name a few.
We’re growing.
Today we continue to serve our original field of membership
established in 1936, but we’re growing! In September 2005, we expanded our
membership to include a full range of unified government employees from city,
county, and state agencies in addition to our federal employees. For a complete
listing of who's eligible to join, click here.
We’ve grown in assets and members
over the years, but our founding principles and dedication to our loyal members
remain unchanged. Today, USACU serves more than 7,500 members. In October 2006,
USAgencies will celebrate 70 years of serving the financial needs of federal
employees and their families!
On the other hand, some things have changed drastically
since 1936. The most prevailing change is technology. We have adapted new technological
enhancements, invested in state-of-the-art computer systems, added PC home banking,
Online Bill Pay and shared credit union branches called CU Service Centers. These
new technologies allow our members greater access to their Credit Union funds via
ATMs, the Internet, and 1800 shared branch locations nationwide.
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