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 20,000+ members with more than $290 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.
    - The credit union was known as a good place for school district staff to save and borrow
    - 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 1979, the credit union converted to online data processing for its 2,715 members.
    - Quarter-end dividends were no longer hand-calculated and posted.
  • 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.
    - The office was remodeled adding an additional 1,600 sq. ft. to the main floor.
    - The data processing system became PC-based.
    - The drive-up ATM was installed.
  • In 1996, BVCU introduced its Internet cyber-branch – BVCU was on the World Wide Web!
    - The Estes Park Branch was opened, including an onsite ATM.
  • 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
    - Internet Banking and online loan applications via email were offered
    - 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, Data processing conversion for increased security, capabilities and long term savings.
    - 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 the ability to open accounts and loans online as well as 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 opened its fifth branch in Boulder, located on Riverbend Road.
  • In December 2012, BVCU became the primary credit union for Ball Corporation and its 3,000+ employess.