Century Federal Credit Union Revenue and Competitors

1948  CFCU was chartered to serve the financial needs of federal government employees in the Cleveland, Ohio area. 1972  Converted from hand posting to a batch computer system with SBC. 1973  Opened our first branch office at NASA. 1979  CFCU was authorized to participate in the Ohio Student Loan program. 1980  Century expanded their offices on the seventh floor of the Federal Building to more than 3,000 square feet.  Century was given authority to receive direct deposit of members' net pay or social security checks.  Century was authorized to offer share drafts to members. 1982  Century implemented its Direct Deposit program. Eliminating long lines!  Century's assets stood at $20,800,000, a $2,000,000 increase over the previous year. 1983  Century received approval from the NCUA to include employees of the Federal Reserve Bank of Cleveland into the credit union membership. 1984  The teller office in the federal building relocated from room #137 to room #183. 1987  Century assets grew to over $45 million. 1988  In-house computer system up and running.  Century celebrated its 40th anniversary.  Call 24 voice response system installed. 1995  CFCU added over 700 new members including 200 from the merger of Double Seal FCU at Dairymens. 1997  CFCU ranked among the top 5 credit unions nationwide based upon return to member index. 1999  CFCU began the process to upgrade financial software. 2004  CFCU assets grew to $186 million. 2005  Lyndhurst branch opened.  CFCU recognized as one of the 99 Best Employers on the North Coast.  CFCU implements new Cross Sell Manager Software in December. 2006  CFCU welcomed approximately 200 new members through the B&O Employees FCU merger.  CFCU adds approximately 250 members through merger with Menorah Federal CU. 2007  CFCU assets grew to over $200 million.  CFCU recognized as one of the 99 Best Employers on the North Coast for the 3rd year. 2008  CFCU welcomed 2500 new members through the Sherwin-Williams Employees Federal Credit Union merger.  CFCU celebrated its 60th Anniversary. We are 60 Years Strong!