History of the Credit Union:
Over the course of several years, eight individual credit unions merged to form Food Industries Credit Union (FICU). Here’s our story:
April 26, 1963: The parent credit union, Mayfair NW Federal Credit Union was officially chartered to serve the financial needs of their employees.
February 1970: Sun Freeze Federal Credit Union merged with Mayfair and the credit union hits its first million-dollar mark in assets.
June 16, 1976: Unable to expand the field of membership through the federal charter, the Board of Directors chose to convert to a state charter and membership was offered to employees of all wholesale and retail grocery outlets. The newly state chartered credit union became known as Northwest Markets Credit Union.
October 1, 1978: The field of membership expanded to include food processors with the merger of the Meat Cutter’s Local #324 Federal Credit Union.
August 1979: Agripac Federal Credit Union joined our credit union through a merger.
June 30, 1980: The credit union was officially renamed Food Industries Credit Union to reflect the full field of membership including processors, wholesalers and retailers of food products.
1980: The credit union continued to grow with three more mergers including Centennial Federal Credit Union in July, McKay’s Markets Federal Credit Union in August, and Portland Wonder Federal Credit Union in November.
February 1981: FICU purchased land and a building and relocated its administrative operation to 3030 Gateway Loop in Springfield, Oregon. The credit union entered a period of rapid growth. With a broader membership base, the loans and deposits quickly increased. It soon became apparent that there was a need for new and diversified financial services.
1984: FICU began to offer checking accounts, payroll deduction, and IRA programs to the membership.
October 1, 1986: Continental Can Employees Credit Union merged with the credit union.
1995: Armor Federal Credit Union merged with FICU. This would be the last merger and the credit union pace settled to a more defined, controlled growth with an emphasis on member service.
2018: Looking to the future, FICU applied for and was granted a community charter by the State of Oregon. With the community charter, FICU re-branded to Gateway Credit Union to facilitate the next phase of growth and inclusion in the local community.
Today: Gateway Credit Union represents a strong and secure financial institution. Still committed to quality service, GCU looks forward to many years of serving the financial needs of its membership.