The Timberland FCU Story
Our credit union was chartered in 1973 as the Riverside Employees Federal Credit Union. At the end of our first year of operation, membership had grown to 843 with $129,000 in assets. The “official” offices were above the old Riverside store #3 (currently the Giant Eagle) in DuBois.
In July 1985, the Board of Directors decided to change the name of the credit union to attract other companies and reflect the diverse company base it was building. On July 16 of that year, the National Credit Union Administration approved the name change to Timberland Federal Credit Union. “Timberland” was chosen because DuBois was once known for its timber industry, and in French, “DuBois” means “of the woods.”
In 2002, Timberland Federal Credit Union achieved a new milestone reaching assets over $30 million and adding an additional office in Clearfield.
The credit union has come a long way from the days over the “old market” with current assets exceeding $54 million and membership approaching 10,000.