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Medical Center East history
Medical Center East company history timeline
Virginia Credit Union was originally chartered as State Employees’ Credit Union Inc. in 1928.
The Stock Market crash on October 29, 1929, marked the official beginning of the Great Depression.
The first share (savings) dividends payable as of January 1, 1930, totaled $221.38.
President Roosevelt signed the Federal Credit Union Act in 1934, forming a national system to charter and supervise federal credit unions.
At the first meeting of the Board of Directors, held on December 1, 1954, Woodrow Allen was elected President and Fritz Edmistan was elected Treasurer.
More than 5,000 members were being served and assets totaled $2.4 million by the end of 1965.
In 1969, a permanent structure was built on that site.
The Sheller-Globe Corporation, of Toledo, had purchased the Superior Coach Corporation in 1969.
The first branch was opened in the fall of 1970 in Decatur, IN, across from the General Electric plant.
In 1972, Superior Coach Employees Federal Credit Union moved from its location inside the plant to a house purchased across the street at 655 S. Collins.
Upon the closing of Superior Coach Corporation in 1981, the credit union had about 2,500 members and $4.5 million in assets.
In November 1985, the credit union improved the speed of the loan approval process by having the credit union’s employee loan officers begin making loan decisions.
In 1985, members of Eastside FCU (formerly, Falstaff Credit Union) became a part of the growing family.
In late 1985, employees of the Metokote Corporation became a sponsor of the credit union, allowing employees to have payroll deductions to Lima Superior.
Our name was changed in early 1987 to MidWest America Federal Credit Union to better reflect this expanded field of membership and market area.
Members voted at 1987's Annual Meeting to change their credit union's name to Virginia Credit Union.
Procter & Gamble employees were added to the growing field of membership in 1988.
That office opened in 1989.
In 1991, Lima Superior opened their second branch, 1571 Allentown Road, in an old McDonald’s restaurant building.
Lima Superior’s third office, a drive-thru located on North West Street, was opened in 1994.
The website came online in 1996, offering 24-hour loan applications.
Online banking and bill payer were introduced in 1997.
In 1999, the first out of state facility opened in Scottsville, KY. Employees at the A.O. Smith plant (formerly General Electric) petitioned for local service.
At the end of 1999, 125,000 members were being served and assets totaled $629 million.
Jane Watkins, VACU's senior vice president and chief financial officer, became president and CEO on January 1, 2000.
In 2000, Community First Credit Union (a former GE credit union) merged with MidWest America.
Assets surpassed $1 billion in 2002.
The largest change to Superior was the retirement of the first (and only) CEO/President Bruce Campbell, in May 2003.
They were headquartered in Danville, IL. They also operated branches in Mattoon, IL, and East Flat Rock, NC. In 2004, the CIPS Employees FCU (Central Illinois Public Service in Mattoon, IL) was acquired.
In early 2005, the credit union opened The Small Business Center at Superior.
Eventually, a larger facility was needed and the land was purchased and a full-service branch was built in 2006.
In 2006, Reliable FCU (formerly, Phelps-Dodge) was acquired.
In early 2007, a major renovation to the former Member 1 office, located at 3345 N. West Street, was completed.
In January 2008, Superior opened their ninth location, 1381 N. Perry Street in Ottawa.
In November 2008, Superior completed a merger with the former North Star Federal Credit Union.
Assets surpassed $2 billion in 2010 and the number of members being served exceeded 200,000.
In May 2012, Superior completed a merger with the former UTELCO Credit Union.
UTELCO was a SEG-based credit union chartered to serve the employees of Lima Telephone Company (now CenturyLink). In November 2012, Superior opened its tenth location in the Shoppes at St Mary’s.
In June 2014, the original branch on Swinney at Broadway was closed.
In October 2014, Superior finished construction of a new full-service office in Kenton.
More than 12,000 young people and adults participated in VACU's financial education programs in 2014.
The first merger, with Southeast Financial Credit Union (2015), added offices in Tiffin and Fostoria.
A merger with First Choice Credit Union (2017) in Coldwater expanded the credit union's ability to serve members in Mercer County and surrounding counties.
The most recent merger with Co-Op Toledo Credit Union (2018) brought Superior into the Toledo market.
On September 13, 2019, Superior achieved an impressive milestone in its history, reaching an asset size of $1 billion.
By late 2019, MidWest America purchased a third building adjacent to the main office which is now occupied by more of our ever-growing support staff.
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Zippia gives an in-depth look into the details of Medical Center East, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Medical Center East. The employee data is based on information from people who have self-reported their past or current employments at Medical Center East. 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 Medical Center East. The data presented on this page does not represent the view of Medical Center East and its employees or that of Zippia.
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