Our credit union was originally chartered in 1948 as Machinists Federal Credit Union. The credit union served the needs of the employees of the refrigerator factory, Franklin Manufacturing.
In 1964, the charter was expanded to include several other trades groups and the credit union’s name was changed to St. Cloud T & L Credit Union. Our field of membership was primarily members of local trade and labor unions. As time went on, more and more employer groups other than the trade and labor unions were able to join the credit union.
In 1999, we changed our name to Great River Federal Credit Union to better reflect our field of membership. Not only were we serving the needs of the Trades and Labor Union workers, we were serving the needs of employees from over 80 employer groups in the state of Minnesota, where the “Great River” begins.
In April of 2001, Great River Federal Credit Union became a community credit union expanding our field of membership to include the tri-county area of Benton, Sherburne, and Stearns counties in the State of Minnesota.
In May 2021, we joined the American Consumer Council (ACC), a non-profit membership organization dedicated to consumer education, advocacy, and financial literacy. This allowed us to expand our field of membership to include anyone who joins the ACC (there is no cost to you). In addition to the ACC Membership, anyone who has a relative that is a member of Great River, or anyone who works at one of our Select Employer Groups (SEG) is eligible to become a member. What’s more, once you are a member, any of your immediate family members also qualify for membership. That includes siblings, parents, and children. At Great River, we follow the motto, “once a member, always a member.” So even if you move, you can still be a Great River member, and conveniently do all of your business online. We are able to be the primary financial institution for anyone, regardless of where life takes them.
2022 was an exciting year as we merged with two credit unions! On February 1st we merged with GEM Federal Credit Union of Minot, ND, and on March 1st, we merged with Four Flags Areas Credit Union of Niles, MI. These mergers provided our collective members with more physical reach, a wider range of products and services, as well as additional support and expertise.
Our goal is to continue to expand our footprint while providing exceptional service to our members whether it is in person, or through our convenient online and mobile options.