Flint Area School Employees Credit Union history

The Carlsbad School Employees Credit Union was chartered October 7,1954 as a state chartered credit union.

Team One Credit Union has undergone several name changes since it opened its doors: In 1955, it became Saginaw Education Association Credit Union.

In 1957, Dean Ruple and his wife, Lois, ran the credit union from their front porch, and new teachers to the area were often given loans for clothes and apartments.

By 1960, there were eight credit unions in active operation in Carlsbad.

In 1967, the Saginaw Main Office opened and the first credit union employee, Don Pilon, was hired.

That structure was torn down in 1983, and the current facility was built to accommodate the increase in membership.

Our Saginaw Township branch opened in June 1997.

As of July 31, 2003, the credit union had $10.2 million in assets, 1,900 members and still serving the education community.

The credit union celebrated 50 years of service to the membership on October 7, 2004.

In June, 2007 the credit union changed the name from Carlsbad School Employees Credit Union to Financial Security Credit Union due to the increased membership groups served.

In May, 2010, Financial Security Credit Union opened its doors to the healthcare community.

Effective July, 2013, Financial Security Credit Union began serving all those living and/or working within Eddy County, New Mexico.

In February 2015, Owosso Columbus Credit Union merged with Team One bringing our number of branches throughout Michigan to 10.