Ideal Credit Union history

In 1936, as the Great Depression took hold of the nation, 12 Los Angeles City employees pooled their resources of $60 and formed the Los Angeles City Employees Federal Credit Union.

Chartered in May 1971, the credit union is a member-owned, non-profit, full-service financial institution.

In 1987, the name changed to Los Angeles Federal Credit Union (LAFCU) to reflect growing credit union membership, which began including immediate family members of City employees and individuals who lived in the same household as a current member.

Jarrod McClaine of Stillwater, who joined the credit union in 1995, was the first member to visit the new branch on its opening day.

On September 13, 2001, SECNY Federal Credit Union was designated a community credit union.

Established in 2006, LACA supports selected nonprofits through charitable giving and volunteerism.

(Woodbury, MN – December 21, 2016) – When Ideal Credit Union’s new Stillwater branch opened for business on December 5, 2016, it was more than just another new office opening - it was history in the making.

© 2017 SECNY Federal Credit Union.

Ideal has been voted “Best Credit Union in the East Metro” five years in a row by readers of the Stillwater Gazette, “Best Credit Union in the Forest Lake Area” by readers of the Forest Lake Times, and was named a 2021 Star Tribune Top Workplace.