The History of America's Credit Unions
Merced School Employees Federal Credit Union has been in the Merced County community since 1954 and has continued to be the home town credit union that pride's itself on their legendary service.
History
In 1954 seven Merced school employees looking for a safe and affordable place to save and borrow money, came together to start Merced School Employees Federal Credit Union. Robert Wayne, one of the founding seven and Manager for 39 years, ran the credit union out of a shoe box in his apartment for the first four years! Since our humble beginning, MSEFCU has grown to four full service brick and mortar branches in Merced County and four student-run branches in local area high schools. We have real vaults too, no more shoe boxes!
Pictured is six of the seven signers of the Organization Certificate of Merced School Employees Federal Credit Union.
Top Row: Robert Howerton, Jack Rowe, Gerald Clark
Bottom Row: William DeSimone, Robert Wayne, Raymond Marino
The entrance to Merced School Employees Federal Credit Union's Main Branch in Merced, CA.
Merced School Employee’s Board of Directors with our President/CEO.
Top Row: Ben Duran, Luis Lara, Wayne Hague, Dave Nannini, Mark Bodley, Susan Walker
Bottom Row: Nancy Deavours (President/CEO) and Terry Silva (Chairman)