Press
Associated Credit Union celebrates its 85th anniversary
ATLANTA, GA (March 24, 2015) — Associated Credit Union celebrates its 85th anniversary this month. Former Federal Employees Credit Union was founded in March of 1930 when eight Federal employees made a $5 deposit for a total of $40 in assets.
“The deposits of the original founders and the deposits of others who joined were used to provide loans to purchase the necessities members needed during a time when many financial institutions were not lending money,” says Lin Hodges, President and CEO of Associated Credit Union. “Eighty-five years later, we’re still operating under the same principle–we are here for our members when they need us most.”
Federal Employees CU later assumed the name Associated CU in 1998 after the two powerhouse credit unions merged. The merger allowed Associated CU to have an open field of membership.
Associated CU’s employees are very accustomed to big anniversaries. The average tenure for an Associated CU employee is 11 years. In fact, this year, 52 of their 330 employees will be celebrating an anniversary of somewhere between 20 and 35 years. Many employees attribute their long careers and Associated CU’s success of nearly nine decades to its family-like work environment.
“When you grow up in the credit union industry, you can’t help but become deeply connected to your colleagues and members. I come to work every day and spend it with people who double as family. Our culture and business practices are reflections of one another and why we’ve been in business for 85 years.” says Debbie Tuttle, Vice President of Operations who is celebrating 36 years with Associated CU this year.
Associated CU is headquartered in Norcross with 25 branches in Metro Atlanta and four offices in Augusta serving over 160,000 members. Associated CU is a full-service financial institution and anyone can join.