It all happened in June of 1949 when seven people got together and saw a need for
a credit union at RACO, INC. Each person deposited $5.00 in a fund then applied
to the Nation Credit Union Administration for a Federal Credit Union Charter. These
people, who are considered chartered members, are: Clarence Miller, Richard Held,
Charles Nagy, Helen Monroe, Charles Szabo, Berandeen Martin, and Virginia Noble.
Thanks to their insight into the future and their careful planning we have grown
tremendously. They really believed in the idea of "People Helping People."
In our Credit Union you are not a customer, you are a member that is important to
us and considered family.
Our Credit Union is a cooperative association organized by a group of people having
a common bond for the purpose of promoting thrift among its members and creating
a source of credit. With these guidelines in mind, River Bend FCU was founded according
to the rules of the Federal Credit Union Act.
Raco Federal Credit Union name changed to River Bend Federal Credit Union in 2003.
At that time we amended our charter from a multiple common bond to a community charter
in order to effectively and efficiently expand its membership. To become a member
of River Bend FCU, one needs to live, work, or worship in Portage Township.