[Congressional Record Volume 149, Number 54 (Thursday, April 3, 2003)]
[Extensions of Remarks]
[Pages E662-E663]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                CELEBRATING 50 YEARS OF THE CREDIT UNION

                                 ______
                                 

                             HON. DOUG OSE

                             of california

                    in the house of representatives

                        Thursday, April 3, 2003

  Mr. OSE. Mr. Speaker, in 1953, the roots of Heritage Community Credit 
Union were planted. This year the Credit Union, and all those

[[Page E663]]

who enjoy its unique service, celebrate its 50th Anniversary.
  It was 1953 when seven civilians working on Mather Air Force Base 
recognized a need for better financial service on base. Each member 
contributed $5 to form what was then called Mather Civilian Credit 
Union. In 1962 the Credit Union merged with another military credit 
union to form Mather Federal Credit Union.
  In an effort to increase membership the Credit Union added products 
and services such as mortgage loans, Priority Line Audio Response, and 
a Telephone Services Department. In 1992, the Credit Union merged with 
Electrical Workers #340 Credit Union to add 1600 new members. In a 
third effort to expand membership the Credit Union merged with Proctor 
& Gamble Employees Federal Credit Union, which added another 1600 new 
members.
  On December 14, 1998, Mather Federal Credit Union members voted to 
convert to a State chartered community credit union. Membership 
eligibility was again broadened to include anyone living or working in 
Sacramento County and the name was changed to Heritage Community Credit 
Union.
  It is no surprise that the Credit Union has received ``Business of 
the Year,'' ``Federal Credit Union of the Year'' and ``The Best Small 
Business to Work for in the Sacramento Area.'' The Credit Union has 
devoted countless hours and financial support to local charities and 
philanthropic causes. The Credit Union has used its rapid growth and 
increased recognition to serve not only its members but also the entire 
community.
  Our community is indeed proud of Heritage Community Credit Union and 
its history. And I am proud to congratulate the members and staff as we 
celebrate its 50th Anniversary.

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