ESL Federal Credit Union
 | |
| Credit union | |
| Industry | Financial services |
| Founded | 1920 |
| Headquarters | Rochester, New York |
Area served | Greater Rochester Area |
Key people |
Dave Fiedler, CEO Faheem Masood,President & COO |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking; mobile banking; business banking |
| AUM | $5.0B USD (2012) |
| Website | esl.org |
ESL Federal Credit Union is a full-service financial institution with headquarters in Rochester, New York. The locally owned financial institution employs more than 680 people in Rochester, New York and, includes more than 325,000 members world-wide. The company has now appeared on the Great Place to Work Best Small and Medium Workplaces for four years (2010, 2011, 2013, and 2014). Access to the credit union includes 20 branch locations and more than 40 ATM locations, locally based telephone and internet chat centers, and online and mobile banking channels. Membership in ESL is open to employees of Eastman Kodak, members of the George Eastman House, and residents of Rochester, among others.
ESL Investment Services, LLC is a wholly owned subsidiary of ESL Federal Credit Union. Established in 1996, ESL Investment Services provides financial services including retirement planning, insurance, financial planning and wealth management.[1]
History
ESL Federal Credit Union was chartered in 1920 as Eastman Savings and Loan Association by George Eastman, founder of Eastman Kodak Company.[1] Mr. Eastman’s intent at that time was to provide his employees with a financial institution that served their financial needs—especially by providing mortgages.
On February 1, 1996, Eastman Savings and Loan changed its charter from a U.S. bank to a Federal Credit Union, changing its name to ESL Federal Credit Union.[2] It is the largest locally owned financial institution in the Greater Rochester area and the largest credit union in New York State. ESL is in the top 1% of national credit unions ranked by assets.
ESL's longevity and success can be attributed to the basic principles set forth by George Eastman. He believed employees should have more than just good wages—a way of thinking that was far ahead of management philosophy of his era. Eastman believed that the prosperity of an organization was due not only to inventions and patents, but also to workers' contributions and goodwill.
ESL has now appeared on the Great Place to Work Best Small and Medium Workplaces for four years (2010, 2011, 2013, and 2014).
References
- 1 2 Pettinella, Mike (7 October 2010). "Batavia: ESL Federal Credit Union schedules Nov. 1 opening". The Daily News Online. Retrieved 15 January 2015.
- ↑ Bjorhus, Jennifer (26 November 2012). "Thrivent's bank will become a credit union". Star Tribune. Retrieved 15 January 2015.