The credit union was founded by employees of Copperweld Steel Company
in 1941. Open only to employees, it offered basic savings accounts,
and car and personal loans. The original name was Aristoloy Federal
Credit Union. It operated for 35 years in same manner in an office
in the steel mill and with membership restricted to employees and
retirees, grew to $7 million in assets and 3500 members.
In 1976 the credit union built an office on Mahoning Ave. in
Warren Twp adjacent to the mill and added "full family membership."
Financial deregulation in 1977 allowed many changes. The credit
union began to offer "share drafts" or checking accounts.
While it took 35 years to get to $7 million, it only took another
8 to grow to $17 million.
In 1984 the credit union began to diversify membership by taking
in other "select employee groups " of other businesses
and their families. There were also many companies going out of
business in the area, and the credit union merged several failing
credit unions.
By 1994, the credit union had a full range of savings and lending
products and was granted a Community Charter to serve those who
lived and worked in a six township area. A full service branch
on Woodland Ave branch was added in 1999, and in 2003 the community
was extended to include all of Trumbull County.
In July of 2005 the credit union merged with Jackson Federal
Credit Union extending our charter area into western Mahoning
County.
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