History of the Credit Union
On November 20th, 1952, a small nucleus of people who were affiliated with the schools of Chaves County joined together in an effort to build upon a dream.  This dream was initially a concept whereby the establishment of a credit union would afford the members an opportunity to accumulate their savings and to create for them, a source of credit for provident and productive purposes.

This dream was finally realized when on December 9th, 1952, the State Bank Examiner approved the creation of the Chaves County School Employees Credit Union.

Since those early days, the Credit Union has experienced the changes which would be anticipated in a regulated financial environment.  Additionally, the Credit Union has experience changes which have seen associated with growth, as confidence in the institution increased, with members continuing to invest their funds.

Membership
Any employee of public or privates schools in Chaves County, employees of this Credit Union, employees of New Mexico Military Institute, employees of Eastern New Mexico University-Roswell, retired school employees residing in Chaves County, and family of such members are eligible to become members of the Credit Union.

New members need only to fill out a membership application, and enclose a check or cash for $25.00 or more.  The $25.00 goes to the member's regular share account and begins earning dividends immediately.  For convenience, a payroll authorization card may be filled out to save regularly or to pay on a member's loan.  These cards are available at the Credit Union office.

 

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