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Diamond Credit Union history
Diamond Credit Union company history timeline
Since our doors opened in July 1947 we’ve been creating more opportunities for our members to expand and diversify their finances.
July 19, 1947 – Diamond Credit Union was founded as Spicer Pottstown Federal Credit Union to serve the employees of Spicer Manufacturing Company.
Diamond Credit Union is a Pennsylvania state-chartered and federally-insured credit union serving Berks, Montgomery, Chester and Bucks Counties by offering low cost financial services with world class service since 1947.
1950 – Spicer Pottstown Federal Credit Union hired its first full-time employee.
1962 – Dana FCU reached $1 million in assets, making it the first million-dollar credit union in the Schuylkill Valley.
1986 – Dana Pottstown Federal Credit Union moved its headquarters from the Dana facility to 1600 Medical Drive, Pottstown.
1990 – Dana Pottstown Federal Credit Union changed its name to Diamond Federal Credit Union to reflect the ability to serve multiple businesses.
1996 – In March of 1996, Diamond began its affiliation with the largest employer in the region, The Reading Hospital and Medical Center.
1998 – Diamond began a massive expansion and renovation project that saw its main office at 1600 Medical Drive, Pottstown, grow to 23,400 sq. ft.
2004 – In Spring Township, Berks County, Diamond constructed its second freestanding branch to serve the financial needs of members who reside and work in the Reading area.
2006 – Diamond Credit Union was granted a change in charter from serving only Select Employer Groups to serving anyone who lives, works, worships, regularly conducts business, or attends school in Berks County and the Tri-County Region.
2007 – Diamond celebrates 60 years of service within the community.
2008 – Diamond continued to grow and exceeded $300 million in Assets with over 37,000 members.
2009 – Diamond Credit Union Board Chairman, Herbert N. Yost retired after 26 years of service and also received the Pennsylvania Credit Union Association’s 2009 Joseph A. Moore Volunteer of the Year Lifetime Achievement Award.
2010 – As a result of their efforts in 2010, Diamond contributed over $58,000 to the American Cancer Society Relay For Life for a total five-year commitment of over a quarter million dollars.
2011 – Construction begins on Diamond’s third freestanding branch in Exeter Township, Berks County.
2012 – Diamond opens their third freestanding branch in Exeter Township, Berks County.
2013 – Diamond’s steady growth continues, reaching over $400 million in assets and more than 45,000 members.
2014 – Diamond achieves over $450 million in assets and reaches over 50,000 members.
2014 – Diamond ranks as the 13th Healthiest Credit Union in the United States and the #1 credit union in Pennsylvania for financial health.
2014 – To support the strong member base and potential growth in the Boyertown area, Diamond opens their fourth freestanding branch in Gilbertsville, PA.
2017 – Diamond’s 70th Anniversary.
2018 – Diamond’s 5th free-standing branch (and 6th branch overall) opens in Royersford, PA.
2018 – Diamond reaches “the Next Level” with assets over $600 million.
2019 – Diamond builds their 6th free-standing branch in Muhlenberg Township.
2020 – Diamond reaches “the Next Level” with assets over $800 million.
2020 – Diamond opens a new branch for employees at Tower Health Reading Hospital.
Diamond’s charter was expanded to the four counties listed here in the fall of 2021.
2021 – Diamond reaches “the Next Level” with assets over $900 million.
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Diamond Credit Union competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hancock County Savings Bank | 1899 | $20.0M | 99 | - |
| First Commonwealth Federal Credit Union | 1959 | $10.0M | 100 | - |
| Chemung Canal Trust | 1833 | $71.1M | 371 | 30 |
| Southern Bank and Trust Company | 1901 | $230.0M | 750 | 23 |
| Hancock Whitney | 1899 | $1.2B | 3,887 | 251 |
| First Hawaiian Bank | 1858 | $709.0M | 2,100 | 109 |
| Enrichment FCU | 1950 | $1.8M | 30 | 1 |
| Merchants Bank NA | - | $190.0M | 50 | - |
| Chemical Bank | 1917 | $630.9M | 39,078 | - |
| South Central Credit Union | - | $1.0M | 15 | - |
Diamond Credit Union history FAQs
Zippia gives an in-depth look into the details of Diamond Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Diamond Credit Union. The employee data is based on information from people who have self-reported their past or current employments at Diamond Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Diamond Credit Union. The data presented on this page does not represent the view of Diamond Credit Union and its employees or that of Zippia.
Diamond Credit Union may also be known as or be related to DIAMOND CREDIT UNION and Diamond Credit Union.