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1963
Western Kentucky State College Credit Union, Inc.
chartered with 29 members and $580.00.
Product offerings included share accounts and loans.
1969-1975
Minutes show name as Western Kentucky University
Credit
Union, Inc.
First credit union employee, Sara Winstead, hired.
First
Security Officer, Virgil Hale, appointed.
Credit Union moved from Grise Hall to Faculty House.
First
phone line installed.
Certificates and revolving lines of credit offered.
Joined the Kentucky Credit Union League.
December 31, 1975
Assets: $214,067.91
Members: 488
1976-1980
Established membership in Kentucky Central Credit
Union
to borrow funds when necessary.
Valerie C. Brown hired in 1978 as Manager. Leah J.
Eckley
hired as part-time bookkeeper in 1979.
Product line expanded to include Holiday Club
Accounts,
Travelers Cheques, Money Orders and Share Drafts.
December 31, 1980
Assets: $707,388.20
Members: 1022
1981-1985
Added IRA Accounts, ATM cards, Home Equity Loans,
Visa,
MasterCard, E.A.S.Y. Accounts, and Young Savers
Accounts.
Field of Membership changed to include all WKU
employees
and employees of non-profit educational institutions.
Went from manual bookkeeping to computerized system.
Merged with United Teachers Federal Credit Union in
1982.
Moved from WKU Faculty House to Garrett Conference
Center. Opened branch on Scottsville Road.
Membership Fee raised to $5.00 from twenty-five cents.
December 31, 1985
Assets: $9,895,125.34
Members: 3973
1986-1990
Expanded field of membership to include WKU alumni,
graduate
and undergraduate students, and Select Employee
Groups of Barren River Area Development District (BRADD).
Built branch on Campbell Lane, 1987.
Established a branch location in Glasgow, 1989.
Offered Top-of-the-Class Club for members age 50 and
over.
December 31, 1990
Assets: $27,711,077.21
Members: 9106
1991-1995
Introduced Home Improvement Loan Program, Phone-A-Loan,
Visa Gold Program, One Call Audio Response and
Risk-Priced Lending.
Changed name to Service One Credit Union in June,
1992.
December 31, 1995
Assets: $41,657,594.38
Members: 16,090
1996-2003
Offered Visa Credit Builder, Market Index IRA
Certificates
and E.L.V.I.S. Established One Stop Auto Indirect
Lending
Program.
Launched web site. Joined Alliance One ATM Network.
Offered Virtual Branch. Mortgage referral service
provided.
Opened fourth branch on the ByPass in 1999.
Tested all systems processes for Y2K readiness.
Converted
to a new Computer System in 2000.
Established a WKU scholarship endowment for members in
2001.
Membership Par Value raised to $25.00 per member.
Merged with Bowling Green Federal Employees Federal Credit Union in 2002.
December 31, 2003
Assets: $73,709,830
Members: 15,797
2004-Present
Introduced the Secondary Market Mortgage Program in 2004.
Opened new Campus Branch on 15th Street in 2005.
Implemented the Overdraft Privilege Program.
Added Virtual Bill Pay and other online options which include
viewing credit card transactions and cleared checks online.
Introduced the Brown Knows Blog in 2006.
Launched first commercial in March, 2006. [Windows Media] [Quicktime]
December 31, 2005
Assets: $76,211,785
Members: 14,736
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