Most every credit union shares a similar story about their early beginnings. Credit unions in the United States started in the early 1900s as a way for groups of individuals to come together and share their resources to help their neighbors in times of need. Verity first began in 1933, one year prior to President Roosevelt signing the Federal Credit Union Act into law, making it the second oldest credit union in Washington. In those early days, we served postal workers and eventually expanded to all federal employees. Over the past 80+ years, our name has changed several times, but never because of a change in ownership or a merger—simply to more accurately reflect who we serve.
Timeline
1933 Credit Union first formed as Postal Employees Credit Union #8
c. 1946 Expanded the field of membership to all federal employees; name changed to NW Federal Employees Credit Union
1971 Switched to a federal charter
1996 Moved to the current headquarters building and opened the Northgate branch
2000 Added the Beacon Hill community to our field of membership and opened the Beacon Hill branch
2002 Expanded field of membership to all of Washington state; name changed to Verity Credit Union
2003 Alderwood branch opened
2004 Auburn branch opened
2007 Wallingford branch opened
2015 Ballard and Greenwood branches opened
2017 Verity joined the Global Alliance for Banking on Values
2018 West Seattle branch opened
2019 Signed the Climate Change Commitment
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