Lubrizol Employees Credit Union

Texas

Est. Date:

November 30, 1953

Previous Names:

N/A

Locations:

Deer Park

Lubrizol Employees' Credit Union is proud to be a member-owned, not-for-profit financial cooperative whose sole purpose is to serve its members. Our commitment to our members is consistent with our credit union principles of “Not for Profit, Not for Charity, But for Service” and our philosophy of “People Helping People”.

History

Lubrizol Employees' Credit Union was founded in 1953 and has proudly served its members for over 70 years. Twelve Lubrizol Corporation (Deer Park, Texas) employees with a vision met on November 30, 1953 to pool their money together to create an organization that would promote thrift and provide low-cost loans to employees of the Lubrizol Corporation Deer Park and Bayport facilities. On December 8, 1953, the Texas Banking Commissioner signed certification that made us a state-chartered Credit Union.

The story has been told that the first deposits were kept in a shoe box until a fellow employee needed a loan! We have grown a bit since then. Today, with over $53 million in assets, Lubrizol Employees' Credit Union serves over 3,000 members.