The History of America's Credit Unions
Members Heritage is a not-for-profit cooperative association with a “people helping people” philosophy. We believe our first responsibility is to our members. As a member, you are also an owner and have a voice in the operation and management of your credit union and can volunteer to serve on committees or run for an elected position. A volunteer Board of Directors with many years of experience in the credit union industry controls our operations. We strive to provide members with a safe, convenient place to save and borrow at reasonable rates. Our institution exists to benefit our members—not to make a profit.
History
Members Heritage opened its doors in April 1960 as IBM (Lexington) Employees Federal Credit Union. In the early 1990s, the credit union began to grow and diversify, offering service to employees at additional companies. In 1993, we changed our name to Members Heritage Federal Credit Union, representing the concept of member ownership and respect for the IBM heritage.
Today, we serve over 54,000 members with assets of $553,000,000. Members Heritage operates three convenient locations in Lexington, KY. We also have branches located in Winchester, KY, and Nicholasville, KY.
In 2015, we expanded our membership to include people who live, work, worship, attend school or have family members in the following counties: Anderson, Bath, Bourbon, Boyle, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Jessamine, Lincoln, Madison, Menifee, Mercer, Montgomery, Morgan, Nicholas, Powell, Rowan, Scott and Woodford. Our name then became Members Heritage Credit Union.
