Talk with anyone who was alive in 1962 and you’re likely to reminisce about simpler times, fewer choices, and money. It’s always about money. There’s the mortgage for your house, your monthly car payment, and vacations where you can make some great memories with your family. Don’t forget your groceries, tuition, and saving for your retirement – which probably seemed a lot easier back in 1962.
What’s so special about ’62 you ask? Well, depending on how you look at it, 1962 was a time of great promise, great achievements, and overall a pretty amazing year…
- Gas was 28¢ a gallon.
- Surfin’ Safari by the Beach Boys was a major hit.
- An average house cost $12,500.
- Boys and girls were surfing in Malibu (where longboards ruled!)
- John Glenn became the first American to orbit the earth.
- The Navy Seals were born.
- An oral vaccine for polio was invented, and…
On a windy dry patch of desert in some building somewhere on the Edwards Air Force base (it’s either top secret or no one remembers exactly where) the Edwards AFB Federal Credit Union was born. We said it was about money. Like most credit unions, the founding members of a dozen or less pooled their initial deposits and the credit union was off and running. For the first 40 years or so the credit union served just service personnel, their families, and men and women who were civilian military and worked on the base.
In the early 2000’s the credit union, looking to grow, branched out into the community and began offering services to anyone who worked or lived in the Antelope Valley.
From our humble beginning we are now more than $250 million in assets strong. Our flagship branch in Palmdale is still the talk of the Valley and we look forward to opening other convenient branch locations in the future.