At Security Credit Union, we trace our roots back to July 29, 1949, when a group of Buick employees started the credit union with $40 in shares. Their reason for starting a credit union? To “encourage and promote thrift and to provide loans for any prudent or productive purpose at a reasonable rate of interest.” In short, to encourage members to save money and to help members who need loans at a fair rate. This mission is why we were founded and it remains our guiding principle today.

In 1949, Security Credit Union was known as Flint Buick Employees Federal Credit Union and UAW Local 599 helped our original members by providing a small office space in their basement for our new credit union. By the end of our first year, the credit union already had 267 members, shares of $3,915, $3,812 in outstanding loans and $23.18 in cash.

As the years went by, the community recognized that the ideals and methods by which credit unions operate were superior to profit-focused banks. People flocked to credit unions, including our credit union, because of our ideals of cooperation and democratic control. As a not-for-profit organization, Security Credit Union represents an economical, attractive solution for our members’ many financial needs. We eventually moved out of Local 599’s basement and opened our first standalone location in 1955 on Saginaw Street in Flint.

Through the rest of the 1950’s and 1960’s, the credit union continued to help our members save money and obtain loans at fair rates. During the 1970’s, Security Credit Union expanded our field of membership by partnering with many local employers and organizations called select employer groups (SEGs). This expansion allowed Security Credit Union to strengthen and diversify while allowing membership to many area residents who could not previously join. New branches opened in Burton and on North Linden Road in the late 1970’s. This expansion occurred at the same time we began to offer checking accounts (1977) and launched our first ATM (1978). The credit union was growing and innovating.

Security Credit Union’s focus next turned toward better serving our members with more convenient locations. In 1982, we built a new headquarters on West Boulevard Drive in Flint, a short distance from Buick City, where most of our members still worked. Our first branch opened in Saginaw after a merger with Industrial Federal Credit Union, and we completed a merger with NAACP Credit Union (Flint) in 1984. Our first call center was established in 1997 and in 1998 we launched our first website. Our online banking service, which is now used by tens of thousands of members each month, went live in 2000. In 2004, we built three new branch locations in Flint Township, Burton and a new office near the Fashion Square Mall in Saginaw. These large offices featured the most up-to-date technology available at the time and were regarded as our flagship locations; these offices still effectively serve a sizable portion of our members each year.

To be able to offer our products and services to the community at large, it was necessary for Security Credit Union to become a Community Chartered credit union. So, in 2002, we made this change to offer membership to anyone who lived, worked, worshiped or volunteered in Genesee County and most of Saginaw County. We further expanded this community charter in 2007, when our membership area grew to include Lapeer and Shiawassee Counties, and Deerfield and Tyrone Townships in Livingston County. Expansion of our online services happened in 2008 when we first offered online bill payment capabilities to our members.

Knowing that expanding our charter could only take us so far, in 2008, Security Credit Union began a string of mergers and acquisitions that would take the credit union to new areas and allow us to offer our products and services to new members. In October 2008, Security Credit Union merged with Lapeer County Community Credit Union, a merger that took two strong credit unions and created an organization that was optimized to support our members’ success. The merger added five branches to Security Credit Union, including the Imlay City and Lapeer (Myers Road) branches that are still open today. Later that same year, our office in Grand Blanc opened and in 2010, Security Credit Union opened our office in Owosso and offered our very first mobile app for smartphones.

Growth continued in 2013, when Security Credit Union acquired Craftsman Credit Union and gained branches in Warren and Detroit. Prior to joining Security Credit Union, Craftsman Credit Union also had a rich automotive history having been founded in 1947 as the Cadillac Credit Union. Another merger happened in 2015, when Security Credit Union joined forces with St. Patrick (Croswell) Credit Union. As a result of these changes, membership was expanded to include all of Livingston and Saginaw Counties as well as Macomb, Oakland, Washtenaw, Wayne and Sanilac Counties. In 2016, Security Credit Union relocated our headquarters to southern Genesee County to modernize and enlarge our back-office facilities. Our new headquarters offers better workspaces for our employees, space to increase the size of our workforce and walking paths for the residents of southern Genesee and northern Oakland Counties.

In 2019, Security Credit Union received regulatory approval to again expand our field of membership, now to include anyone that lives, works, worships or attends school throughout the entire state of Michigan. Security Credit Union further stretched our footprint in 2020 when we merged with Focus Federal Credit Union in Toledo, Ohio. In 2021, Security Credit Union’s footprint in Ohio expanded and our field of membership now includes the Ohio counties of Allen, Defiance, Erie, Fulton, Hancock, Henry, Huron, Lucas, Ottawa, Putnam, Sandusky, Seneca, Williams and Wood (or basically everywhere in northwest Ohio). Also in 2021, our technology once again took a giant leap when we first began offering video teller services through our first interactive teller machine (ITM).

Security Credit Union next entered another period of branch expansion to better serve our growing membership. In 2022, we opened a branch location in Flushing, Michigan and we are proud to be the only financial institution located in the City of Flushing. This was followed closely by our new location in Waterford in 2023 and our new office in Midland, Michigan in 2025. In the same year, we relocated our Mayfield Township location into the City of Lapeer on Main Street. These four locations, like many of our locations have throughout our history, feature the most up-to-date technology and were designed inside and out to offer beautiful spaces for our members to speak with our employees in a welcoming environment.

If you are already a member, thank you for the trust you place in us. And if you have not joined yet, what are you waiting for? From our humble beginnings of $40 in the basement of the UAW Local 599, today, Security Credit Union employees serve more than 50,000 members in 15 branches, across the entire state of Michigan and 14 counties in Northwest Ohio, and remotely through our call center and video tellers. And our best is yet to come. Our employees work tirelessly each day to provide excellent service to our members, to deploy state-of-the-art technology and to offer the products and services that our members need. And we do it in a way that never loses sight of why we were founded in 1949, to help our members save money and to provide them with loans at a fair price.

Funds at Security Credit Union are federally insured up to $250,000 and IRAs are insured up to $250,000 by the National Credit Union Share Insurance Fund. It's administered by the National Credit Union Administration and backed by the full faith and credit of the United States. Security Credit Union is an Equal Housing Lender.

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