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75 Years of Serving You – A Note from Our President/CEO

August 15, 2013

Mike ParsonsFirst Source celebrated our 75th anniversary a few weeks ago and I am so honored by the turnout we had from members, political dignitaries, and the community at large. In looking over our history, we’ve come a long way…

First Source Federal Credit Union began with humble beginnings as Utica Teachers Federal Credit Union in 1938 when a small group of dedicated Utica teachers banded together during the Great Depression to provide a safe haven for savings dollars and a reliable source of loans.

Over the years, the credit union grew and expanded to include membership eligibility for all local schools, colleges and universities. It wasn’t long before other employer groups outside of the teaching realm realized their banking needs were not being met and they could also benefit from Credit Union Membership. This eventually led to First Source gaining our Community Charter where anyone who lives, works, worships, goes to school or conducts business regularly in Oneida or Herkimer Counties can be a member of First Source.

While we have certainly seen change over the years, the one constant has been our relentless focus on you – our valued members and community. As we look to the future our pledge to you is to continue providing the level of service you have come to know and expect while growing at a steady pace, maintaining our independence and staying true to our roots.

Thank you your continued support!

-Mike Parsons
President/CEO, First Source Federal Credit Union

Posted in: President/CEO

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