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A Look Back at CFCU Over the Years.
In the fall
of 1953, CFCU Community Credit Union opened the doors of its first location on
Cornell’s campus. Back then, the organization was known as Cornell Federal
Credit Union, serving only the employees of Cornell University.
In 2003, the
credit union converted to a community charter for Tompkins and Cortland
counties and officially became CFCU Community Credit Union. Since then, CFCU
expanded to serve individuals, businesses, and organizations in Cayuga,
Madison, Onondaga, Ontario, and Seneca counties as well.
In its
seventy years in action, CFCU has grown to be one of the largest credit unions
in New York State with now more than $1.4 billion in assets. CFCU serves over
82,000 members with fourteen branch locations, as well as with many
locally owned ATMs and Virtual Teller Machines (VTMs) throughout its
seven-county-wide footprint.
Moving
forward from CFCU’s seventy years of legacy, the organization is excited to
offer what they call Banking for THIS moment. CFCU is always evolving to
provide its members with the latest and most convenient banking technologies
that allow its members to bank from anywhere at any time.
“At CFCU, we
know our deep roots and lasting history need to be matched with a continued
dedication to meet members right where they are and adapt to their evolving
needs,” said Bill Crane, Chief Production Officer at CFCU. “That’s why we’re
always launching innovative tools like advanced ATMs, also known as Virtual
Teller Machines, and our CFCU More app to make managing finances even simpler
for our members, especially those who are on the go and reliant on their mobile
devices.”
CFCU’s
ongoing success can be attributed to serving members in the ways they want
to be served with excellent rates, products, and services. Along with a
committed staff who are inspired by helping CFCU members save money, earn more
money, and improve their financial lives.
CFCU and its
staff are also very committed to the communities they serve. Each year, on
average, CFCU supports more than 100 local nonprofits, by sponsoring many
events and donating over $250,000, raising more than $60,000 through staff
fundraisers and volunteering more than 3,000 hours, as well as serving on their
boards and committees. CFCU also grants over $60,000 in Scholarships &
Awards to high school graduates.
CFCU looks
forward to serving its members, staff, and communities for many more years to
come.
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