division of goldenwest type credit union industry financial services founded 1957 headquarters logan utah utah united states area served weber county utah morgan county utah davis county utah utah county utah washington county utah cache county utah box elder county utah products savings ; checking ; consumer loans ; mortgages ; credit cards total assets 1b usd 2014 number of employees 390 website usucu.org usu credit union is a division of goldenwest credit union a federally chartered credit union based in ogden utah regulated under the authority of the ncua . as of january 1 2014 goldenwest and usu credit union serve more than 106 000 members hold over 1 billion in assets and operate 26 branches in utah from smithfield to st george . history edit usu credit union was founded in the halls of utah state university usu in logan ut in 1957 by economic professors vernon israelson and evan murray . originally chartered with ten members the credit union was created to provide banking services for usu employees and their families . in the early years deposits and transactions literally moved from room to room and from drawer to drawer as the professors who doubled as loan officers and accountants worked to keep overhead costs low . in 1962 the credit union hired its first full time employee doris thorpe . as director of marketing thorpe enlisted the talents of her illustrator husband to create memorable and effective advertising that sparked tremendous growth in those early years . in a 10 year span membership rose from 40 % of usu employees to over 83 % . assets grew from around 50 000 in 1957 to over 1.22 million by 1968 . ground broke in 1975 to begin construction on the credit union s first branch just off usu s campus . the building was completed in 1978 . the following is an excerpt from usu s student newspaper dated april 18 1978 dedication of the new building located at 695 east 10th north will be thursday . university president glen l. taggart will give the dedicatory address at 4 p.m. reo l. williamson manager treasurer for the credit union explained the new 10 498 square foot building has become a necessity for the rapidly growing union . in 1957 the credit union was incorporated with 10 members . today there are 4 138 members . with our rapid growth over the past couple of years we have outgrown the old facility which was owned by the university said williamson ... in 1984 the credit union opened its first off campus branch in the old macey s store at the south end of logan . when macey s closed that location in 1992 the credit union purchased a new building at 198 north main . other new branches followed in smithfield 2003 providence 2006 and brigham city 2007 in northern utah . on october 1 2013 usu credit union merged with goldenwest credit union . usu credit union retains its name and usu affiliated brand as a division of goldenwest credit union . references edit credit unions in the media . credit union journal . march 17 2008 . retrieved 2009 11 15 . external links edit usu credit union s website goldenwest credit union s website coordinates 41 44 06 n 111 50 04 w 41.73500 n 111.83444 w 41.73500 ; 111.83444 retrieved from https en.wikipedia.org w index.php title usu credit union & oldid 729836622 categories credit unions based in utahcompanies based in utahbanks established in 19361936 establishments in utahhidden categories coordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 july 2016 at 21 56 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view