California State Employees Credit Union #13 received its state charter as the 13th credit union in California. The credit union was organized for the benefit of California state employees, consisting mostly of highway workers, to save and borrow in a cooperative manner. Starting out of a desk drawer in the Department of Transportation office, the credit union finally settled down at 868 Industrial Street, Redding, CA.
Purpose, Beliefs, Spirit, and Vision
Members 1st Credit Union provides the convenient and relevant financial services our members need to achieve their goals and dreams.
- Members Come First
Our members are our first priority.
- We Change Lives
Our passion is to help our members achieve their financial goals and dreams.
- Service = Success
Our financial services are essential to the success of our members and community.
To be recognized by our members as the leading financial institution providing relevant value to past, present, and future generations in Northern California.
What is a Credit Union?The best-kept secret you’ll soon want to share.
The beginning of our non-profit cooperative started in 1936, where our founders pooled their resources to help lend to some and return dividends to others. A noble concept driven by principles rooted in democracy and cooperation. Like all financial institutions, we are comprised of shareholders and customers; the only difference with a credit union is that every customer is a shareholder. It's a small difference, but makes a massive impact. We are never forced to choose one over the other. Profits from banking weren't intended to be sent up a corporate ladder to be distributed as select profit sharing and excessive bonuses. Profits need to stay local, where their positive effects can echo and amplify for everyone who contributed to their creation. Choose to be part of something bigger, not just something big. Making an impact doesn't happen by banking at a bigger bank, you do it by chasing a bigger goal, by having a noble vision. Choose to be part of something remarkable. Choose to have an equal voice. Choose based on your values. Choose democracy. Choose cooperation. Choose local. Choose Members 1st.
Field of Membership
Membership for Members 1st Credit Union is open to anyone who lives, works or worships in the counties of Butte, Glenn, Shasta, and Tehama. In addition, membership is extended to government employees, school employees, students, and their family members in the counties of Butte, Glenn, Lassen, Modoc, Plumas, Sierra, Siskiyou, and Trinity.
Does it cost anything to open an account?
You can open an account at Members 1st Credit Union for only $1. Since every member is a shareholder at Members 1st, your $1 minimum deposit acts as your share. This $1 deposit is NOT a fee, but cannot be drawn upon during your time of membership with Members 1st. If you ever wish to end your membership with Members 1st, the $1 share deposit will be reimbursed to you along with the remaining balance on your account.
Federal Employees of Northern California(FENC) Federal Credit Union was started as a cooperative to provide credit union services to federal workers hired during the construction of the Shasta Dam. FENC existed in a small file cabinet that was transported from home to work in the treasurer’s pick up truck. Membership was later expanded to include federal employees of Northern California and their immediate family members. FENC operated at 1380 Hilltop Drive, Redding, which now serves as a Members 1st branch.
Our former credit union CEO and board member were presented a $20 bill with two bullet holes in it from a prior robbery attempt whereupon our former CEO chased the robber out of the building. He later reformed and committed to following credit union robbery procedures and promised to not chase any future robbers.
North State Public Employees CU and FENC Federal CU merged and became Members 1st Credit Union. After the merger, Members 1st expanded its charter to offer services to communities located in Shasta and Tehama counties, as well as all level of government employees, schools, approved employer groups, and family members of all groups.
United Food and Commerical Workers(UFCW) Federal Credit Union merged with Members 1st Credit Union. UFCW started in 1954 to provide financial services to a striking butcher’s union. Its membership expanded to include retail clerks in the 1970's and continued serving their membership through 2011.
STAR Community Credit Union joins Members 1st Credit Union through merger. California State University, Chico Employees Credit Union was established February 24, 1958 by four Chico State University professors to serve faculty and staff of Chico State and neighboring schools. The credit union later changed its name to STAR Community Credit Union in 2002 and served an expanding membership for more than 50 years with quality financial products and exceptional member service.