Over the course of several years, eight individual credit unions merged to form Food Industries Credit Union. The parent credit union, Mayfair NW Federal Credit Union was officially chartered on
April 26, 1963
to serve the financial needs of their employees.
Sun Freeze Federal Credit Union merged with
in February 1970 and the credit union hits its first million-dollar mark in assets.
Unable to expand the field of membership through the federal charter, the Board of Directors chose to convert to a state charter and membership was offered to employees of all wholesale and retail grocery outlets. On
June 16, 1976
the newly state chartered credit union became known as Northwest Markets Credit Union.
The field of membership expanded to include food processors on
October 1, 1978
, with the merger of the Meat Cutter’s Local #324 Federal Credit Union. Within a year, Agripac Federal Credit Union joined our credit union with a merger in August 1979. On
June 30, 1980
, the credit union was officially renamed Food Industries Credit Union to reflect the full field of membership including processors, wholesalers and retailers of food products.
In 1980, the credit union continued to grow with three more mergers including Centennial Federal Credit Union in July, McKay’s Markets Federal Credit Union in August, and Portland Wonder Federal Credit Union in November.
In February 1981, FICU purchased land and a building and relocated its administrative operation to 3030 Gateway Loop in
. The credit union entered a period of rapid growth. With a broader membership base, the loans and deposits quickly increased. It soon become apparent that there was a need for new and diversified financial services and in 1984 FICU began to offer checking accounts, payroll deduction, and IRA programs to the membership.In December 1982, a branch office was opened in
October 1, 1986
, Continental Can Employees Credit Union merged with the credit union.
In 1994, Armor Federal Credit Union merged with FICU. This would be the last merger and the credit union pace settled to a more defined, controlled growth with an emphasis on member service.
Today, the credit union represents a strong and secure financial institution. Still committed to quality service, FICU looks forward to many years of serving the financial needs of its membership.