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Boeing Wichita Credit Union history
Boeing Wichita Credit Union company history timeline
Meritrust was originally chartered in December of 1935 when employees from the Stearman Aircraft Company in Wichita collaborated and organized an employees credit union.
In 1941, Boeing Aircraft Company bought Stearman Aircraft and in the process, our name was changed to Wichita Boeing Employees Credit Union to reflect the new company.
In 1994, our Board of Directors made the decision to change our charter to allow us to serve everyone within our communities, in addition to Boeing Aircraft Company employees.
In 2004, the company — which employed 12,400 people in Wichita — said it planned to sell its commercial aircraft division here.
Allen Bell, the city’s director of urban development, said several Boeing industrial revenue bond issues remain outstanding, including the 2007 issue for $12 million.
Not long ago, Wichita had hopes the plant would grow after Boeing won a $35 billion Air Force tanker contract in February 2011 and said it would make Wichita its finishing center for the military air refueler.
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