The credit union movement began more than 150 years ago with a simple idea – that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to neighbors and co-workers.
The credit union movement began in the United States in 1909 when the first credit union was formed in Manchester, New Hampshire. Credit unions serve many people left unserved by traditional banking institutions and provide an alternative to the oppressive loan rates charged by predatory lenders.
Today's credit unions remain unique financial institutions with a "not for profit but for service" operating philosophy. Annual polls show that credit unions lead the financial community year after year by providing top quality personal service to millions of Americans. Today, thousands of credit unions – which are democratically controlled financial cooperatives – serve more than 170 million credit union members worldwide.
Cochise Credit Union was state chartered in 1958 in Willcox, AZ to serve the financial needs of Sulphur Springs Valley Electric Cooperative (SSVEC) employees and their families. Over the years the credit union has expanded their field of membership to serve the following employer groups Sulphur Springs Valley Electric Cooperative, Valley Telecom Group, and Arizona Electric Power Cooperative, along with zip codes: 85643, 85644, 85625, 85605, 85606, and 85632
Cochise Credit Union has one branch located in Willcox, AZ. We serve more than 5000 members from our field of membership and have more than $60 million in assets. We are strong and stable and are considered one of the finest credit unions in Southern Arizona. Cochise Credit Union was also listed in the top 1% of all credit unions in an article published by CU today in January 2024 , 10x Credit Unions: Success for the long haul.
Credit unions at the top of the list featured:
- Consistent membership growth
- Sturdy core earnings
- Profits that fueled continuous investment
- Exceptional scale in operations
- Ongoing capacity for growth through strong capital
To join, simply stop by our office or apply now.
Troy Judd - Chairman
Betsy Ajeman - Vice-Chairman
Nancy Welch - Secretary
Betty Peterson - Treasurer
Lorie Zamora - Member
Dan Douglas - Member
Kathy Moreno- Member
Larry Glenn - Chairman
Revonda Laws - Member
Phyllis Cohorn - Member
Frank Shelton - Member