Our History

1958

In mid October, 1958, 35 people met at Box Elder High School and voted to form Thiokol (Utah Division) Employees Credit Union. Membership was open to employees of Thiokol Corporation and families of Credit Union members.

In November 1958, the Credit Union Board borrowed $5,000.00 from Box Elder County Bank to start operations of the Credit Union from the basement of the first Board Chairman’s home.

1959

At the first Annual Meeting, held February 17, 1959, deposits totaled $14,765.98 and loans totaled $13,523.15.

By July 1959, the Credit Union had rented office space at Forest and Main in Brigham City. In the following years, the Credit Union moved to office space in the bowling alley building, and then the Hansen and Associates Building on north Main. 

By the end of the first year of operations, assets of the Credit Union totaled $175,002.49 with 817 members.

1967

In 1967, the Credit Union name was officially changed to Thiokol Employees Credit Union.

The Credit Union struggled through some very difficult years in the mid 60’s because of local economic issues, but paid a consistent dividend every year, as agreed in the original By-laws.

1975

In November of1975, the Credit Union built and moved into a brand new building located at 20 West 700 North. The Credit Union ended the year with $1.5 million in assets and 2,511 members.

1986

In February of 1986 the Board voted to open membership to the community, rather than just to Thiokol employees.

1988

In 1988, the Credit Union built and moved into a new, modern facility located at 707 N Main Street. Assets reached $10.5 Million with 6,818 members.

1990

In January, 1990 the Credit Union opened a full time branch at the Thiokol Plant and installed its first ATM. This same year, President Rose Byington retired and Steve Christensen was named President.

1995

In 1995, the name was changed to Members First Credit Union. Assets at year end were $19.7 million with 8,366 members

1996

At the end of 1996, President Steve Christensen left the Credit Union and Brad Barber was named as President. Assets totaled $22.4 million with 8,667 members

1999

In 1999, the Credit Union initiated a new Internet website and online account access - “eTeller”.

2005

In 2005, the Credit Union moved into a beautiful new building, located at 120 E 1000 S Brigham City, with 23 employees, over 10,500 members and assets in excess of $50 million dollars.

2007

In 2007, the Credit Union opened a new full service branch on 1000 South in Tremonton, Utah.

2017

In 2017, the Credit Union opened a new full service branch in Providence, Utah.

2021

In early 2021, President/CEO Brad Barber announced his retirement after 30 years of service to the Credit Union.