Interactive Timeline - Staley Credit Union
Timeline

The History of Staley Credit Union

Staley Credit Union was founded in 1930 to offer employees of A.E. Staley Manufacturing Company a cooperative environment in which members could save money and receive low-cost loans. SCU embraced the Credit Union philosophy of "People Helping People" in 1930 and it is the same philosophy working today for the benefit of the membership.

Staley Credit Union - Timeline

Learn about the rich history of Staley Credit Union, from “Gus” Staley to today!

 

The First Staley CU Statement**

First Statement

  • 1930

    Staley Credit Union was founded on July 7, 1930, so we are quickly approaching 100 years of service!

  • 1947

    Fridge

    Ezra Carter told his wife there was no reason not to buy that new electric refrigerator. He could just borrow from the Credit Union and save money.

  • 1965

    Branch Photo

    In 1965, the Credit Union moved into its own location at 440 North 22nd Street, Decatur, very close to the Staley Company plant.

  • 1987

    Archive Map

    In 1987, the field of membership was expanded to the 5-county area of Macon, Moultrie, Piatt, DeWitt and Shelby so that individuals who live, work, or worship in those counties were eligible for membership. That same year, along with the expanded membership area in Illinois, a new branch was added within the Staley plant in Loudon, TN, completing the “corridor” between Illinois, Indiana, and Tennessee.

  • 1993

    Woodford

    A new location opened at 3330 North Woodford Street in 1993, which is the current Headquarters of Staley CU.

  • 1997

    Name Change

    Staley Employees Credit Union changed its name to Staley Credit Union in 1997.*

  • 2005

    Service

    Staley CU celebrated its 75th Anniversary in full Staley style with a community cleanup effort.*

  • 2009

    Lafayette

    In 2009, we opened a new branch on Union St. in Lafayette, Indiana with the expanded field of membership increasing to include the 5 Indiana counties of Tippecanoe, White, Carroll, Clinton and Montgomery.

  • 2014

    El Dorado

    1234 West Eldorado Street, opened in 2014.

  • 2018

    3 states

    In 2018, formal application was made to the Illinois Department of Financial and Professional Regulation to expand the field of membership. Once accepted, our membership area was increased to 26 counties in 3 states!

  • 2021

    91st

    As of May 2021, we were $192 million in assets with over 16,000 members and on July 21, 2021, we celebrated our 91st anniversary!

  • 2022

    91st

    In 2022, we opened our second branch on the southside of Lafayette, Indiana located at 3553 Promenade Parkway!

  • 2025

    91st

    As of 2025, we have reached over $210 million in assets and now serve nearly 18,000 members. We’re thrilled to celebrate 95 years of serving our members!

*Courtesy of the Herald & Review
**Gathered from archived Staley Journals

Become a Member of Staley CU!

We’d love to have a new addition to our Credit Union community. Receive all the benefits of being a member by applying today!

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