TFCU History

1935 – 60’s

  • Two employees began in an office housed under a stairwell at Oscar Mayer
  • Grover Miller managed from 1950’s to 1970’s.
  • Perry branch was established in 1963 in the Perry Oscar Mayer plant

70’s

  • Ray Laures – President from 1970’s to 1999
  • In 1976, Share Draft accounts were offered
  • The “Kirby Kangaroo Club” was developed. It is an existing club for kids up to age 12
  • 1977 – The current Rockingham office was built at 1400 Rockingham Road which enabled us to serve the OM employee family members

80’s

  • 1980 – Went to a “Community Charter” credit union – the first CU in Iowa to do so
  • 1982 – Name change to “The Family Credit Union”
  • A Sherman, TX branch was opened as a part of Oscar Mayer
  • 1985 – Merged with Bettendorf Community Credit Union, Blackhawk Foundry, and Brammer credit unions

2000’s

  • 2000 – New President/CEO Sandra Sheffey
  • 2002 – Northwest Davenport office was built
  • 2002 – Merged with the Alliance Credit Union
  • 2006 – Opened newly constructed office in Muscatine
  • Spring of 2008 – Re-located Bettendorf office – new construction
  • August 2008 – Merged with the Davenport Fire Department Credit Union
  • November 2008 – Opened the seventh branch office and first in Illinois – Silvis
  • March 2010 – Achieved $100 million in assets
  • January 1, 2013 – Merger completed with the Great River Road Credit Union, Buffalo
  • March 1, 2013 – Merger completed with the Von Maur Employees Credit Union, Davenport
  • November 4, 2013 – The first TFCU teller-less branch opens
  • February 4, 2014 – Cargill Beardstown, IL branch opens
  • October 2015 – Dave Hulsbrink takes over the President/CEO seat for retired Mrs. Sheffey
  • November 2016 – New website launched
  • December 2020: Reached $200 million + in assets
  • Omaha Branch opens April 3, 2023
  • Davenport Police CU merges, May, 2023