America First Credit Union
From Wikipedia, the free encyclopedia
America First Credit Union, a federally chartered credit union headquartered in Ogden, Utah, is the 13th largest credit union in assets in the U.S.
As of December 30, 2005, America First has 65 branch locations, 389,435 members, and has USD3.2 billion in assets.
America First holds a community charter, meaning membership is available to anyone who lives, works (or regularly conducts business in), worships, attends school, or volunteers in Salt Lake County, Utah or within a 12 mile radius of the Mesquite, Nevada Post Office, along with members of the immediate family or household of an existing member or those eligible for membership.
[edit] History
In 1939 at Fort Douglas in Salt Lake City, Utah, 59 members of the National Federation of Federal Employees, Local No. 650, instituted the Fort Douglas Civilian Employees Credit Union.
On June 23, 1947, the finance office of the U.S. Army at Fort Douglas was moved to the Utah General Distribution Depot in Ogden, Utah, and the credit union moved with it and renamed itself Federal Employees Credit Union.
In 1960 with the addition of the Naval Supply Depot in Clearfield, Utah, the credit union was now affiliated with four military installations, the other three being the Utah General Depot, Hill Air Force Base, and Fort Douglas.
In 1984, Utah-chartered credit unions began serving anyone in the state and the credit union changed its name to America First Credit Union.
Beginning in 1998, a series of legal and legislative fights with the banking industry led to restrictions on the credit union field of membership and ability to make business loans. To avoid issues at the state level, the credit union converted to a federal charter in 2003, resulting in the present field of membership.
