Our History

During its 50+ years of operation, Boulder Valley Credit Union has grown from a small financial institution serving teachers in the Boulder Valley School District to one that serves thousands of members throughout Colorado and worldwide. Today, Boulder Valley CU serves 22,000+ members with more than $300 million in total assets. The following is a brief list of notable events in the history of Boulder Valley CU.

 

Since 1959 Boulder Valley Credit Union has been about people helping people…

  • January 14, 1959 - Boulder Valley Schools Credit Union was organized and chartered.
    - 17 enthusiastic charter members deposited their $5 and beginning assets totaled $85
    - The office was a filing cabinet and a money box in a classroom at Casey Jr. High.
    - Loan maximum amounts were set at $200 per member.
    - By year-end, assets were $19,977 serving 119 members, deposit insurance was 15 cents, and expenses were $2.99.
  • In 1963, the credit union moved to the basement of Central High School on 15th and Walnut.
  • In 1971, the credit union moved to the Boulder Valley School District Education Center on 65th and Arapahoe.
  • In 1974, BVCU introduced VISA Credit Cards.
  • In 1976, BVCU expanded its field of membership to allow employer groups to affiliate.
    - Estes Park School District was the first group to affiliate
    - Assets were $2.5 million with 2,500 members.
  • In 1980, the credit union offered checking, money market accounts, and certificates of deposits.
  • In 1987, the credit union removed "Schools" from its name and became Boulder Valley Credit Union.
    - The office moved to 55th and Arapahoe.
    - Assets were at $22 million, serving nearly 6,400 members.
  • In 1994, students were eligible to join the credit union, membership reached 10,000 with $45 million in assets.
  • In 1996, BVCU introduced its Internet cyber-branch – BVCU was on the World Wide Web!
    - The Estes Park Branch was opened.
  • In 1998, Boulder Community Hospital Credit Union merged with BVCU adding over 1,500 members.
    - BVCU joined the CU Service Center network, enabling members to conduct teller transactions across the country
    - Assets topped $75 million with nearly 14,000 members.
    - BVCU opened its third office at the corner of Broadway and Alpine in Boulder.
  • In 2000, BVCU joined the CO-OP ATM Network, offering members surcharge-free ATM transactions across the country and in Canada.
  • In 2001, Assets surpassed $100 million by year-end.
  • In 2003, in-house mortgages were introduced.
  • In 2005, BVCU opened its fourth office in Louisville.
  • In 2007, BVCU became the first fully eco-conscious bank or credit union in Colorado thereby setting the bar and leading the way as an example for other Colorado financial institutions. Included in the eco-efforts were: solar panels added to the building and a variety of recycle bins and proper waste disposal receptacals.
  • In July 2007, BVCU topped $150 million in assets.
  • In 2009, BVCU opened its first full-service student branch location at Boulder High. The student branch program was established as a financial literacy objective along with the school district.
  • In November 2009, BVCU surpassed $200 million in assets.
  • In 2010, BVCU opened student branches at both Monarch High and Fairview High
  • In 2011, BVCU opened its fourth student branch at Centaurus High.
  • In 2011, BVCU introduced Mobile Banking apps for smartphones in order to further enhance its online services portfolio and connectivity to accounts for membership.
  • In March 2012, BVCU surpassed $250 million in assets.
  • In December 2012, BVCU became the primary credit union for Ball Corporation and its 3,000+ employess.
  • In 2013, Assets surpassed $300 million by year-end.