Capitol Credit Union Timeline
July 12, 1954 – The Credit Union is chartered as Capitol Chapter Credit Union, operating out of the bottom desk drawer of Mr. E. L. Stryck, a founding member. The field of membership includes members of Capitol Chapter #2 TPEA.
December 1954 – The year ends with 154 Share accounts, over $11,000 in deposits, and 49 loans totaling almost $11,000.
1955 – A 4% dividend is declared at the first Annual Meeting of the Membership and membership eligibility for “immediate family” of members as stated in the by-laws is clarified to include husband, wife, and unmarried children residing at home. Credit Union hours are Monday through Friday, 12:00 p.m. to 1:00 p.m. and 5:00 p.m. to 5:30 p.m. on the first five days of the month.
1959 – Capitol Chapter Credit Union ends the decade with 505 members, $111,000 in Shares, and $108,000 in loans.
December 1960 – The by-laws are changed, no longer requiring membership in the Capitol Chapter #2 TPEA. The field of membership is also changed to include officials and employees of named boards, departments or agencies of the State Government of the State of Texas. To reflect these changes, Capitol Chapter Credit Union becomes Capitol Credit Union.
October 1963 – Capitol Credit Union is allocated a small office in the basement of the Capitol.
February 1964 – The first paid credit union employee is hired.
1967 – Capitol Credit Union crosses the $1 million in assets mark with 2,000 members.
1968 – The hours of operation are changed to 9:00 a.m. to 4:00 p.m., Monday through Friday to meet the needs of the membership.
January 1969 – Current CCU President Anne Boatright is hired.
May 1969 – Capitol Credit Union switches from a manual passbook system to an outside batch data-processing system and starts producing quarterly statements.
December 1969 – The decade ends with $1,530,439 in assets, $1,417,605 in loans, and a capital-to-asset ratio of 4.18%.