Despite the fact that our member groups grew more numerous and
diverse over the decades, Sloss Federal Credit Union began pursuing a
state charter after the Board of Directors voted to do so in December
2004. The decision was made to convert to a state charter due to slowing
growth within the industries we were currently serving, as well as an
effort to remain competitive in an increasingly competitive industry.
The change was a necessary step in achieving the overall goal of
expanding our field of membership to include the communities of
Jefferson and Tuscaloosa counties in their entirety. At the Annual
Meeting in March of 2005, the membership voted in favor of going ahead
with the conversion.
In 2011, the Board of Directors approved to expand the field of
membership to include the communities of Blount, Shelby and Walker
counties. These were approved by the state administration. This change
reflected the growth nature of the credit union and the expanding field
One of the side effects of converting our charter was having to
change our name. By becoming a state charter, we could no longer use
“Federal” in our name. Wishing to maintain as much of our current
identity as possible, the Board chose to rename the credit union in such
a way as to retain our initials and the “SF” logo. The result?
FIRST CREDIT UNION
The name is intended to convey soundness and stability, a
commitment of Sloss Federal Credit Union that Secure First Credit Union
will carry forward.