In 1936, a group of Asbury Park, N.J. schoolteachers decided there was another way to provide essential banking services to themselves and others, all while protecting their savings. In true cooperative spirit, this group came together to help each other in a time of need and organized themselves into one of the earliest credit unions in America: Monmouth County, NJ Teachers Federal Credit Union. Today, 80 years later, that credit union still exists, much larger and now known as First Financial Federal Credit Union.
Credit unions live by the philosophy of “people helping people”. To do their part, credit unions around the world contribute to local communities and demonstrate the “credit union difference”, meaning what sets them apart from other traditional financial institutions. Several credit unions across the country went to the next level by partaking in National Night Out this August 2nd.