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Secure First Credit Union
first opened its doors in 1951 as Sloss Federal Credit Union to provide
a low cost alternative financial institution for individual consumers
who shared the common bond exclusive to its membership base. Until
recently, involvement in organizations, associations, or employment by
businesses within the credit union's field of membership was the only
avenue for joining, unless you were an immediate relative of an existing
member.
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.
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?
SECURE
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.
Secure First Credit Union
remains committed to the ideals of the credit union movement and, more
importantly, to provide for the needs and desires of our membership.
Today, our objective continues to be to produce a level of quality,
quantity, convenient, and cost competitive products and services
unsurpassed within Alabama, so much so that members and potential
members would have neither the need nor desire to ‘bank’
elsewhere. |