Our Incredible 75-Year History Milestones
Your Credit Union was founded in 1938 as the Cumberland Teachers Federal Credit Union. Our founders saw the need for a not-for-profit cooperative that would provide its members with lower cost financial services, as well as represent their best interests, regardless of their station in life.
Credit Union Milestones
1938 – Your credit union was founded with only seven original members.
1945 – John Henderson was 3 months old when he first became a member in 1945. In 1985, he was elected to the Board of Directors. John is presently the Board President and is well on his way to catching up with his father’s 45 years of service.
1963 – The Credit Union graduated to “modern office equipment and our offices moved from the Robinson’s home, to the Doerr’s home, and then to the home of Beverly Brown.
1980 – Our longest serving Board member is Beverly Brown, with 42 years of service. She served as our Treasurer for 28 years and has been our Secretary.
1981 – The credit union name was changed to Cumberland School Employees to better reflect our expanded field of membership.
1983 – We had 1,775 members and assets of $2,892,484, a far cry from the original $36 fifty years earlier.
1985 – Our first property and building was located on South Delsea Drive.
1986 – The credit union name was changed to CUMCO Federal Credit Union to reflect our expanded Cumberland County field of membership.
1995 – We had grown to over 3000 members and assets of $11,860,078.
1996 – Our current Chief Executive Officer, Eileen Crean, joined us in 1996 and has been instrumental in increasing services, bringing us through the technological jungle, and expanding our operations to include our main office in Vineland and two branch offices located in Bridgeton and Woodstown.
2000 – The Delsea Drive location was sold and your credit union moved to our present main office location on Landis Avenue.
2009 – Once again our membership grew when we merged with the Salem County Teachers FCU, which resulted in our most recent name change to Members 1st of NJ Federal Credit Union.
2010 – Members 1st of NJ FCU hosted a Grand Reopening of its new Vineland Office in November of 2010. Our new facility is a beautiful structure and a welcome addition to the community.
2013 – In our 75th anniversary year, we now serve over 7,200 members and our assets have grown from only $36 to nearly $50 million. We now serve 81 groups and companies in Cumberland and Salem Counties. We think you will agree that is amazing.
Our growth wasn’t an accident. The many volunteers who have served on the Board of Directors, Supervisory Committee and Nominating Committee have unselfishly provided their time and energy to establish the solid foundation that has enabled your credit union to become the institution it is today.
We look forward to the future and serving our communities and members for years to come!