The Beginning - 1941
A Historical Perspective by Robert T. Petty

Bronco Federal Credit Union was chartered in July of 1941 as the country prepared for war. During the early years, with a limited number of members, only share accounts and limited loans were available.

Initially, loan maximums were $25 unsecured and $100 secured. Growth of the credit union was modest for years, as there was no real need for expanded services. Banks, thrifts, broker-dealers, and insurance companies provided other products and services at reasonable prices. By 1968, BFCU had 1,848 members and $2 million in assets.

Financial services began to change dramatically in the 1980's. BFCU added a number of new products, such as VISA cards and mortgages. By 1991, the credit union membership was 6,872 and assets were $46 million. The decision was made to become a primary financial institution to the membership. This commitment meant offering a full array of services to meet changing member needs and has, in large part, resulted in growth to our current 13,400 members and $123 million in assets.

Perhaps the most sweeping changes yet have come about with the advent of readily available technology and access to the internet. Anyone with a personal computer now has the ability to get information and services that were once fairly restricted. This has brought about a change in the way services are delivered. Consumers of financial services were historically controlled by the providers - told what to buy, when and how. Today, it is the consumer who controls markets, choices, and is changing the behavior of the providers. BFCU made a commitment to delivering services, not only through traditional channels, but technologically as well, as evidenced by CALL 24, ONLINE 24 and our transactional website. We are making services available to our membership...anytime....anywhere. The technology we employ is designed to enhance the "in-office" experience, to supplement it, to make it more effective and efficient.

Your credit union had a bright past and an even brighter future. We are driven by our goal of being your lifetime financial partner. We will continue to grow in a managed fashion to assure that we are able to maintain your trust relationship. We will continue to earn your business by constantly evaluating our products and services to assure the best possible solutions to your financial needs.