History
In February 1940, Delta Employees Credit Union was organized by eight Delta Air Lines employees in Atlanta, Georgia with a stake of only $45 in share capital. On March 8, 1940, Delta Employees Credit Union received a charter entitling it to 20 years of operation. Within a month after its charter was granted, the first Board of Directors was composed. The board voted that membership was open to all Delta employees. By the end of 1940 assets had grown to approximately $2,000.
In 1960, the board was granted a renewal of the credit union's charter. By 1983, assets exceeded $200 million, a first for any credit union in Georgia. Delta Employees Credit Union has been the largest credit union in the state of Georgia since then.
On March 8, 1990, Delta Employees Credit Union celebrated its 50th Anniversary. As part of the celebration, a $50 Savings Bond was presented to each member in good standing.
In July 1994, the credit union adopted a policy of "Once a member, always a member," thus eliminating the stipulation that an individual had to be an active Delta employee to enjoy the benefits offered by the credit union. Membership was also extended to the parents of active and former Delta employees in good standing., 1995 brought about a couple of milestones for Delta Employees Credit Union. The total number of members eclipsed the 100,000 mark. Membership privileges were extended to include children, grandparents, grandchildren, brothers and sisters of the member and their spouse in good standing. In 2001, domestic partners of members were added to the field of membership.
In October 2005, Delta Employees Credit Union became Delta Community Credit Union to signify its new focus on the community while keeping its Delta Air Lines connection.
In 2008, the field of membership broadened to include residents of specific counties and employees of various companies. Assets exceeded $2.8 billion and membership had grown to over 181,000. In 2010, with over 200,000 members and more than $3.0 billion in assets, Delta Community's mission is to provide quality, fairly priced financial services.
Today Delta Community Credit Union has assets exceeding $4 billion, and membership has swelled to over 275,000.
Read more about this topic: Delta Community Credit Union
Famous quotes containing the word history:
“The history of work has been, in part, the history of the worker’s body. Production depended on what the body could accomplish with strength and skill. Techniques that improve output have been driven by a general desire to decrease the pain of labor as well as by employers’ intentions to escape dependency upon that knowledge which only the sentient laboring body could provide.”
—Shoshana Zuboff (b. 1951)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“It is remarkable how closely the history of the apple tree is connected with that of man.”
—Henry David Thoreau (1817–1862)