Marine FCU Hits Asset Milestone

Marine Federal Credit Union came into existence on April 20, 1959, when eight gentlemen made the request to become a federal credit union that would serve the  Military, Department of Defense employees, and their families aboard Marine Corp Base Camp  Lejeune. On April 24, 1959, the request was approved by the Bureau of Federal Credit Unions. 

The first official office/branch was located in a warehouse aboard Camp Lejeune. It was heated by a  pot-bellied stove and secured by a chicken wire fence. Sixty-five years later, on Monday, October 15,  over 250 past and present employees, military and government dignitaries, our suite of volunteers  serving on the Board, and our Supervisory Committee gathered to celebrate the milestone of  surpassing a billion dollars in assets.  

“It took us 65 years to parlay $40 into $1,000,000,000 dollars at the end of August,” said Chuck Collins,  Marine FCU’s Chairman of the Board of Directors. Mr. Collins recognized the Board Volunteers and  Executive Teams, past and present, who helped achieve this success.