The History of America's Credit Unions
In 1955, a concerned group of Goodyear employees recognized the need for a place where they and their fellow workers could have their financial needs served in a cooperative atmosphere. The combined efforts of this group, management from the Lincoln Goodyear plant, and representatives of the United Rubber Workers Local 286 resulted in the granting of charter #10585, marking the beginning of the Lincoln Goodyear Employees Federal Credit Union.
History
The credit union began as a small operation, with one part-time volunteer worker, offering a savings account and a simple loan program. In future years, the addition of such services as share checking, certificates, IRAs, ATM cards, payroll deduction for plant employees and electronic funds transfers have aided the credit union in a steady evolution from its original "shoe box" operation to the present day multi-service financial institution driven by a sophisticated data processing system and friendly, competent officials and staff.
The Lincoln Goodyear Employees Federal Credit Union enjoyed decades of growth as the GOODYEAR Tire & Rubber Company's Lincoln plant grew during the late 1900s. However, as the number of employees at the plant declined from nearly 3,000 at its highest to the approximately 400 today, the Credit Union's membership base diversified to foster continued credit union growth and stability. Our name change to LincOne better represents who the Credit Union serves, which is anyone that lives, works, worships or studies in Lancaster County and the City of Lincoln, NE.
On April 1st, 2015, Peoples Choice Federal Credit Union merged with LincOne to create a larger, stronger credit union to benefit both LincOne and Peoples Choice memberships along with the Lincoln community. Peoples Choice FCU was originally chartered by 17 individuals as the Lincoln City Employees in October 1949 to serve employees of the City of Lincoln and their families. The credit union grew to $76 Million in assets and served approximately 10,700 members. During its 65 years, the credit union successfully completed mergers with the Lancaster County Employees CU in 1975, Health Care Federal CU in 1998 and the Journal-Star Employees CU in 2002. In November 2007 Peoples Choice FCU was granted a federal community based-charter by the National Credit Union Administration allowing the credit union to provide financial services to everyone who lived, worked, worshiped, or attended school in Lancaster County, NE.
