CTOs on the Move

Financial Partners Credit Union

www.fpcu.org

 
In 1937, the aerospace industry was looking to protect its workers from skyrocketing interest rates. So eight North American Aviation employees pooled $900 to start a credit union called North American Aviation Employees Federal Credit Union. There were no paid employees, limited loan and deposit accounts, and little capital. Nonetheless, the idea took root and membership grew by about 200 people a month and assets grew from $5,000 in 1937 to over $20,000 by 1940. North American Aviation employees were able to join the credit union with 25 cents and a $5 savings deposit. In 1942, the credit union hired ...
  • Number of Employees: 100-250
  • Annual Revenue: $1-10 Million
  • www.fpcu.org
  • 7800 Imperial Hwy
    Downey, CA USA 90242-3457
  • Phone: 562.923.0311

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