OUR CREDIT UNION HERITAGE
Edward Filene was known as the Father of Credit Unions. While traveling in Europe Edward was inspired by the cooperative style banking used and in 1908 he opened the first credit union in the US. His mission was to allow American workers the equal opportunity to secure a loan and save money for a raining day without concerns of costly consumer fees or loan sharks. During the 30’s many banks perished while credit unions thrived. Today there are more than 90 million members to credit unions, all with the same philosophy of people helping people.
PEOPLES CREDIT UNION HISTORY
We first established roots in Webster City operating out of the home of Don and Colleen Follett and serving only the employees of Franklin Manufacturing Company and Arrow Acme Corporation. 23 years later, we joined forces with Hamilton County Public Employee Credit Union and changed the name to Peoples Credit Union. Today we are proud to say we are still locally owned with 3 branch locations, serving 11 counties and nearly 8,000-member owners.
|1962||On May 25th, 9 founding charter members signed articles of incorporation|
|1985||Merged with Hamilton County Public Employees CU|
|1991||Moved operation to 310 First Street, Webster City|
|2007||Announced expanded community charter|
|2012||Celebrated 50 years of business|
|2015||Merged with Lehigh Valley CU, offering a 2nd branch location in Lehigh|
|2016||Merged with Frontier Community CU, offering a 3rd branch location in Fort Dodge|
|2018||Groundbreaking on new location in Fort Dodge|
PEOPLES CREDIT UNION SERVES THESE COUNTIES
Boone, Calhoun, Franklin, Greene, Hamilton, Hardin, Humboldt, Pocahontas, Story, Webster, and Wright.