CU Companies history

Desjardins also helped organize the first credit union in the United States in Manchester, New Hampshire, in 1909.

In 1921, to accelerate United States credit union growth, Filene set up and financed the Credit Union National Extension Bureau.

Washington, D.C., had only passed legislation allowing them in June 1932, against the protests of traditional bankers.

1933 - Beginning of Rex #2 Credit Union for Rexnord employees

In 1934 the Credit Union National Association (CUNA), a federation of credit-union leagues, was established by the credit unions themselves to take over the work of the bureau.

1937 - Joseph Woelfel was hired as the first full-time employee

In the period of large-scale immigration after the creation of Israel (1948), the moshav was found to be an ideal settlement form for the new immigrants, almost none of whom were accustomed to communal living.

The board named William A. Hussong, Jr., as the credit union's first office manager in October 1951.

Fifteen percent of the bank's loans were delinquent in 1952.

Against this backdrop, in 1954 the credit union decided to extend membership beyond Washington, to all Navy employees worldwide.

In 1960, the board fired the autocratic but influential Hussong, ostensibly over the controversy surrounding the new computer.

After Hussong's replacement Tom Landers stepped down to enter a consulting career, in 1963 the board chose Richard Cobb, a retired Navy captain, as the next manager.

A series of mergers with other credit unions at Navy bases began in 1967 with the Washington Navy Yard Federal Credit Union.

1970 - Credit union moved to building outside of Rexnord

1973 - Board elected Ron Kase as the new company president

Cobb stepped down as manager in August 1980, to be replaced by Rear Admiral Joe G. Schoggen, who had joined NFCU after serving in the Navy's Resale Systems unit.

In 1981, a group of visionary California credit unions combined resources to create Co-op Network, now known as Co-op Solutions.

Credit unions received their long desired deregulation in 1982.

NFCU's assets approached $2 billion, up from $1.6 billion in 1984.

1985 - Company name was changed to Landmark Credit Union

Tom Hughes became president and CEO of NFCU in 1988, as savings and loans institutions began venturing onto the turf of credit unions by offering consumer loans.

NFCU ended 1990 with $4.6 billion in assets, and passed $8 billion in the mid-1990s.

At the end of the century, NFCU's extensive Y2K compliance measures caught the attention of CNN. It had begun preparing in 1991 to accommodate substandard communications infrastructure in the countries where it did business.

2005 - Landmark became the first Credit Union in Wisconsin to reach $1 billion in assets

In 2010, our leadership team saw that the competitive landscape was changing for us and for our partners.

Our correspondent mortgage channel – launched in 2011 – was an answer to that need.

2012 - Landmark became the first Credit Union in Wisconsin to reach $2 billion in assets

Jay Magulski was appointed as CEO in 2013 and his vision continues where Ron’s left off – to continue to provide the highest level of member service to all.

The purchase was completed at the end of April 2015.

Co-op Shared Branch has surpassed Bank of America in number of branch offices, and is now the nation's third largest network of financial institution branches, according to data drawn from the FDIC. By January 2016, the network reached 5,400 branches.

The three councils represent the evolution of client advisory teams that had been in place at Co-op and TMG prior to the consolidating of the two companies in April 2017.

The rebrand, which became effective on January 1, 2018, reflected our growth during our 30-year history to 60 credit union owners and to more than 300 financial institutions.

2019 - Landmark became the first Credit Union in Wisconsin to reach $4 billion in assets