Buckeye State Credit Union Revenue and Competitors

In 1933, coming out of the depression, postal employees had steady jobs but low income. Homes were selling for $2,900.00 in Goodyear Heights, though few could put together a down payment. Consumer credit was almost non-existent. In January of 1933, the Akron postal employees formed The Akron Postal and Federal Employees Credit Union and it was chartered by the State of Ohio in March of 1933. Shares were set at a par value of $5.00 payable by payroll deduction installments of $.25 or more. The credit union operated out of the Akron Post Office until 1968 when the present building on Voris Street was built. In 1974, the first branch was acquired in Alliance with the merger of ASF Credit Union. In 1975, the credit union changed its name to Buckeye State Credit Union and has continued to help the members save and obtain consumer loans through payroll deduction and financial counseling. From 1989 through 1999 the credit union saw a lot of growth via the process of merging eight other credit unions into Buckeye State Credit Union. Services continued to grow with the conversion to a computer system able to handle multiple branches bringing the credit union into the 21st century. Buckeye State Credit Union now has five branches across Northeast Ohio to service our members and have more than tripled in size in the last 15 years. Buckeye State Credit Union continues to be a progressive credit union both in operations and the lending portfolio offerings. The credit union also continues to earn excellent ratings from its insurers and auditors and is a sound and well managed financial institution.

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