In 1955, a concerned group of Goodyear employees recognized the need for a place where they and their fellow workers could have their financial needs served in a cooperative atmosphere. The combined efforts of this group, management from the Lincoln Goodyear plant, and representatives of the United Rubber Workers Local 286 resulted in the granting of charter #10585 by the National Credit Union Administration on October 11, 1955, marking the beginning of the Lincoln Goodyear Employees Federal Credit Union.

The credit union began as a small operation, with one part-time volunteer worker, offering a savings account and a simple loan program. In future years, the addition of such services as share checking, certificates, IRAs, ATM cards, payroll deduction for plant employees and electronic funds transfers have aided the credit union in a steady evolution from its original "shoe box" operation to the present day multi-service financial institution driven by a sophisticated data processing system and friendly, competent officials and staff.

The current main facility, located at 4638 "W" Street, opened in March of 1996. This modern, handicap accessible facility features a multilane drive-thru and private member service areas.

ORGANIZATION AND MANAGEMENT

The LINCOLN GOODYEAR EMPLOYEES FEDERAL CREDIT UNION is governed by a seven member board of directors. Directors are elected each year, on an alternating basis, for two year terms. The board is responsible for the general management of the affairs, funds, and records of the credit union. They meet monthly, and at other times when required, to act on such items as dividend rates, loan rates, lending policies, and other business. The board consists of the following officers: Chairman, Vice Chairman, Treasurer, Secretary, Membership Officer and two Directors. The board is responsible for the appointment of the Supervisory Committee on an annual basis.

The Supervisory Committee is composed of three to five members appointed annually by the board. They are charged with responsibilities including causing yearly routine audits and verification of member accounts to be performed.