Our History
When Matanuska Valley Federal Credit Union (MVFCU) was originally chartered on December 7, 1948, there were 20 members that pooled a combined share balance of $395.00.
Credit unions believe in “people helping people”, which is why this hometown credit union was established by farming residents from the local community.
Growth was slow at first and all work was done by volunteers. Through the perseverance and vision of many MVFCU pioneers, the credit union has grown and thrived. Thanks to the volunteers, staff and members, MVFCU has seen many improvements and member benefits added over the years. We look forward to many more years of serving our community!
Original Charter Members
"... membership shall be as set forth in the attached bylaws and any amendments thereto or thereof approved pursuant to Section 8 of the Federal Credit Union Act.
IN WITNESS WHEREOF we have hereunto subscribed our names this 7th day of December, 1948."
- Carl R. Rasmussen
- M.D. Snodgrass
- Charles Scheefer
- Oscar Keatliche
- Simon J. Newcomb
- James Berry
- Thomas Lepak
- James W. Wilson
Timeline of Events
1948
December 7, the credit union signed their original charter in Palmer
1954
Savings cap of $500 was lifted
1971
First full time manager was hired
Matanuska Susitna School FCU merger
1975
The accounts for minor children were approved, and as a family we continued moving forward.
1972
Reached $1 million in assets
1976
Willow Community Office opened
1978
Wasilla Community Office opened
Began offering share draft accounts
1982
Charter field of membership expanded to include MEA service area
1983
Beginning of Alaska Option Automated Teller Machine services
1984
First Annual AVIS Sale
1989
Easy Access by Phone implemented
1993
Plan America Center opened (currently Matanuska Valley Financial Services)
1995
Conversion to Symitar Systems, Inc
1996
Began offering VISA CheckCards
Easy Access PC implemented
Web site established
1997
Eagle River Community Office opened
1998
Reached $100 million in assets
Big Lake Community Office opened
Mortgage Service Department was established
2002
Joined the Shared Branching Network
Seward Meridian Community Office opened
2003
Began offering commercial and construction loans
New Willow Community Office location
2005
Sunshine Community Office opened
Began offering VISA Credit Cards
2008
Meadow Lakes Community Office opened
2009
Exceeded $300 million in assets
2011
Palmer Carrs Community Retail Office opened
Knik-Goose Bay Community Retail Office opened
First "Get Real" Financial Reality Fair: teaching financial literacy to high-school-aged children
First Annual Adventure Sale
2012
Acquired Kunia Federal Credit Union/Waipahu, Hawaii Community Office opened
2013
MVmobile app launched
December 7: MVFCU's 65th Birthday
Launched this new website incorporating our previous credit union, commercial lending, and home mortgage websites into one functional site
2014
MV Member Express online newsletter launched
First Annual SNOWSOON Event
2015
MV Member Express online newsletter launched
Christmas Club introduced
2016
Mandy Tanner selected as Manager of Community Offices
Contact Center, Information Services and E-Commerce moved to 501 Main
Credit Union Direct Lending program launched
Live ATMs installed at Palmer, Seward Meridian and Wasilla Community Offices
2017
Doug Johnson selected as Chief Credit Officer
Health Savings Accounts offered to members
2018
Ed Gravley became new Chief Executive Officer
Angela Hobbie selected as Chief Human Resources Officer
Bill Khoe selected as Chief Operations Officer
Tia Burgess selected as Chief Financial Officer
Secure Credit Card Introduced
Live ATM installed at Big Lake Community Office
2019
Linda Moneymaker selected as Chief Member Experience Officer
2020
Live ATM installed at Eagle River Community Office
Big Lake Community Office moved into Three Bears Alaska