Our story begins
Chartered by the State of Minnesota to operate as Farmers Union Employees Credit Union to serve the employees of the Farmers Union Central Exchange, their family members and related cooperative associations in St. Paul and South Saint Paul, MN.
80 members and 25 borrowers
The first annual meeting was held. 29 members attended. Total earnings for the year were $68.87, expenses were $46.29. There were 47 loans for the year valued at $2,481.50. At the end of the year there were 80 members and 25 borrowers. Assets were $1,596.23.