Eighty years ago today…

Eighty years ago today on March 7th, 1937, a group of teachers in Racine pooled their resources together and a five-dollar deposit was made to form the Racine Teachers Credit Union.

Before we had any branches, our first offices were in the homes of our first two presidents Erwin Wall and Russell Jiles. We opened our first “non-home” office on Washington Avenue in 1961. While we started full-time office hours in 1968, it wasn’t until 1972 that we had our first “branch” office which was at UW-Parkside.

In 1974, we changed our name to Educators Credit Union and opened a branch in Waukesha while also building our Newman Road location. We offered our first checking accounts in in 1976, started direct deposit in 1979 and began issuing credit cards in 1980. In 1995, we launched our first website and started offering debit cards.

In 2006, we introduced our current Mark of Excellence with the pedals representing our core values (Honesty, Fairness, Integrity, Respect, and Excellence). In 2008, we began Mobile Banking. Three years later, in 2011, we hit 100,000 members. Now, with over 150,000 members and over $1.7 billion in assets, we’re as big as we’ve ever been.

A lot has changed over the past eighty years, but our dedication to member service and the $5 cost to open a Prime Share Savings remains the same. Whether you’ve been with the credit union for decades, years, months, weeks or days, we appreciate your loyalty to Educators Credit Union.

Happy anniversary!

3 thoughts on “Eighty years ago today…

  1. Congratulations for your longevity and evolution. May you have many more years of success. Thank you for being here for us.

  2. The Credit Union was born on my mom’s 17th birthday, the same year she started college to become a teacher.
    In 1968 I was a newly minted teacher, in Racine to find housing. Barbara Thompson met me at the REA office to guide me around town as I looked for my first apartment. Before we left on our trek Barbara said, “We need to go across the hall so you can open an account at the Credit Union.”——–and I did.
    All my adult milestones; cars, house, travel to Europe and to China, survival during the teacher strike, handling my parents’ estates and more were made possible by loans, services, and advice available to me at Educators. I am eternally grateful.

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