Credit union | |
Industry | Financial services |
Founded | 1957 |
Headquarters | Logan, Utah, Utah, United States |
Area served | Weber County, Utah, Morgan County, Utah, Davis County, Utah, Utah County, Utah, Washington County, Utah, Cache County, Utah, Box Elder County, Utah |
Products | Savings; checking; consumer loans; mortgages; credit cards |
Total assets | $1B USD (2014) |
Number of employees | 390 |
Website | usucu.org |
USU Credit Union is a division of Goldenwest Credit Union, a federally chartered credit union based in Ogden, Utah, regulated under the authority of the NCUA. As of January 1, 2014, Goldenwest and USU Credit Union serve more than 106,000 members, hold over $1 billion in assets, and operate 26 branches in Utah from Smithfield to St George.
USU Credit Union was founded in the halls of Utah State University (USU) in Logan, UT in 1957 by economic professors Vernon Israelson and Evan Murray. Originally chartered with ten members, the Credit Union was created to provide banking services for USU employees and their families. In the early years, deposits and transactions literally moved from room to room and from drawer to drawer as the professors, who doubled as loan officers and accountants, worked to keep overhead costs low.
In 1962 the Credit Union hired its first full-time employee Doris Thorpe. As Director of Marketing, Thorpe enlisted the talents of her illustrator husband to create memorable and effective advertising that sparked tremendous growth in those early years. In a 10-year span membership rose from 40% of USU employees to over 83%. Assets grew from around $50,000 in 1957 to over $1.22 million by 1968.
Ground broke in 1975 to begin construction on the Credit Union’s first branch just off USU’s campus. The building was completed in 1978.
The following is an excerpt from USU’s student newspaper, dated April 18, 1978:
In 1984, the Credit Union opened its first off-campus branch in the old Macey’s store at the south end of Logan. When Macey’s closed that location in 1992, the Credit Union purchased a new building at 198 North Main. Other new branches followed in Smithfield (2003), Providence (2006) and Brigham City (2007) in northern Utah.
On October 1, 2013, USU Credit Union merged with Goldenwest Credit Union. USU Credit Union retains its name and USU-affiliated brand as a Division of Goldenwest Credit Union.
Logan is a city in Cache County, Utah, United States. The 2010 census recorded the population was 48,174, with an estimated population of 51,542 in 2018. By 2050 the population of Logan is expected to double. Logan is the county seat of Cache County and the principal city of the Logan metropolitan area, which includes Cache County and Franklin County, Idaho. The Logan metropolitan area contained 125,442 people as of the 2010 census. and was declared by Morgan Quitno in 2005 and 2007 to be the safest in the United States in those years. Logan also is the location of the main campus of Utah State University.
Utah State University is a public land-grant research university in Logan, Utah. It is accredited by the Northwest Commission on Colleges and Universities. With nearly 20,000 students living on or near campus, USU is Utah's largest public residential campus. As of Fall 2019, there were 27,810 students enrolled including 24,669 undergraduate students and 3,141 graduate students. The university has the highest percentage of out-of-state students of any public university in Utah totaling 23% of the student body.
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United Federal Credit Union (UFCU) is a federally chartered credit union based in St. Joseph, Michigan with a 70-year history. Originally chartered in 1949, UFCU has more than 174,000 Members in all 50 states and the District of Columbia. The credit union assets in excess of $2.8 billion as of 2019. UFCU has 35 branches in six states: Michigan, Ohio, Indiana, Nevada, North Carolina, and Arkansas. United Federal Credit Union offers a diverse array of products and services for businesses and individuals, include checking and savings accounts; auto loans, RV and boat loans, credit cards; mortgage, construction, and lot loans; home equity loans, and lines of credit; business accounts, loans, and credit cards.
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The Utah Water Research Laboratory (UWRL) is a research institution at Utah State University. It is the oldest and one of the largest water research facilities in the United States, and is considered one of the most well-respected such facilities in the world. The UWRL has completed more than 100 major projects around the world and operates with more than $400 million in international funding.
The Daryl Chase Fine Arts Center is a multi-venue visual and performing arts complex on the campus of Utah State University. It is named for Daryl Chase, the tenth president of USU, who served from 1954 to 1968.
The Manon Caine Russell Kathryn Caine Wanlass Performance Hall is a modern recital hall on the campus of Utah State University.
Utah State University Eastern is a public regional college within the Utah State University system. The USU Eastern campus is located in Price, Utah, United States. Founded as Carbon College in 1937, the college joined the University of Utah system in 1959 for 10 years and was renamed College of Eastern Utah (CEU). In 1969, the Utah System of Higher Education was created ending the relationship between the University of Utah and CEU. CEU entered the USU system on July 1, 2010 and is currently called Utah State University Eastern. With more than 60 degree programs, the college focuses on technical, vocational, and associate degree programs. USU Eastern competes as the Eagles and is the only USU campus, apart from main campus, that has an athletics program.
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The Logan Institute of Religion is the largest institute of religion in the world, and the oldest in Utah operated by The Church of Jesus Christ of Latter-day Saints. It is located in Logan, Utah adjacent to the campus of Utah State University (USU). The institute provides religion classes to young adults age 18-30, serves as a meetinghouse for local congregations, and sponsors activities for students.
Coordinates: 41°44′06″N111°50′04″W / 41.73500°N 111.83444°W