Rohr Credit Union

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Rohr Employees Federal Credit Union
Written by Sue Poole


The Credit Union was organized in May of 1941 by a group of employees "as a means to promote thrift among themselves and their fellow workers (Rohr News, December 1975, p. 3; Rohr News, May 21, 1970, p. 6).

In April of 1941, the credit union "became a federally chartered credit union" (Rohr News, May 21, 1970, p. 6).
 
The June 5th, 1969 issue of Rohr News reported that there were more than 9,230 members of the Credit Union. Most members had payroll deductions going into their savings accounts. The Credit Union paid 5.5% dividend compounded quarterly on savings, which was higher than what the savings and loans and banks were paying at that time. The Credit Union was only a few steps away at all four Rohr plants. Financial counseling on a wide variety of problems was available to members and nonmembers without charge (page 4).

The May 21, 1970 issue of Rohr News reported that the Rohr Credit Union had assets of $10 million (p. 6).

The Credit Union was moved in 1971 (Rohr News, December 1975, p. 3).

On December 11, 1975, a ground breaking ceremony was held for the new Rohr Employees Federal Credit Union on the southwest corner of I Street and Bay Boulevard. The new building featured "a driveup window, more parking, a large lobby, and increased privacy for patrons." It occupied the entire lower floor of the 12,000 square foot building, while the second floor was leased out. (Rohr News, December 1975, p. 3).
 

 

(Photo: Rohr Aircraft Memories collection)

 Photo: Rohr Aircraft Memories collection.

 

 

 

 

References:
"Assets Reach $10 Million Mark." 1970. Rohr News 13, no. 9: 6.
"Benefits Are a Few Steps Away At Rohr Employees Credit Union." 1969. Rohr News 12, no. 11: 4.



See also:
“Most Successful Year Recorded by Credit Union.” 1952. The AeROHRcrafter 2, no. 9: 14.



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Contact Sue with questions or comments. Website address: rohrmemories.com

Last updated: 01-01-2023