1929 - The Tucson Credit Union was formed by twelve U.S. Border Patrol employees new to the Tucson area. We were originally chartered as an Arizona credit union because the Federal Credit Union Act had not yet been written. Those first twelve members each deposited between $5 and $25 to start up the credit union.
1930 - J.L. Bammerlin, an employee of the Phoenix Post Office, visited the newly formed credit union in Tucson. Mr. Bammerlin realized that the employees of the Phoenix Post Office were also in need of such services, and believed that enough people would be interested and farsighted enough to make it a success in Phoenix. Thus, the Phoenix Post Office Federal Credit Union was chartered in 1935.
1934 - Federal employees in the Phoenix area also chartered their own Maricopa County Federal Employees Federal Credit Union in 1934. At that time, there were 94 federal employees living in Phoenix, making an average salary of $2,400 per year.
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First Credit Union Orgin
