[Congressional Record Volume 159, Number 120 (Thursday, September 12, 2013)]
[Extensions of Remarks]
[Pages E1303-E1304]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 ON THE OCCASION OF SEVENTY-FIFTH ANNIVERSARY OF OPERATIONS OF CREDIT 
                               UNION ONE

                                  _____
                                 

                          HON. GARY C. PETERS

                              of michigan

                    in the house of representatives

                      Thursday, September 12, 2013

  Mr. PETERS of Michigan. Mr. Speaker, I rise today to recognize Credit 
Union ONE as its employees, executives, members and the communities it 
serves celebrate seventy-five years of operations. Over its seven-and-
a-half decades of business, Credit Union ONE has remained true to its 
roots in the Southeast Michigan community.
  Credit Unions are important local financial institutions that know 
their neighbors and use their unique understanding to serve their 
communities with the tools that are necessary to grow and prosper. 
Credit Union ONE was founded in 1938 when fifteen neighbors in 
Ferndale, Michigan came together to create the Ferndale Co-Op Credit 
Union, and is a shining example of the strong connection credit unions 
have to the communities they serve. These concerned neighbors worked 
together with the shared goal of helping the neighborhoods of Ferndale 
thrive. With its strong roots in the Greater Detroit region, Credit 
Union ONE has grown to be one top ten credit unions in Michigan with 
over 106,000 members--a long way from its humble start in the basement 
of church in Ferndale. Over the years, Credit Union ONE has 
substantially expanded the services it offers to its members from its 
nineteen branches across Michigan, rising to meet their needs

[[Page E1304]]

with a full range of financial tools to assist members with personal 
financial planning, home ownership, retirement and small business 
support services.
  The key to the success of Credit Union ONE has been its ongoing 
commitment as an active stakeholder in the well-being of its members 
and communities across Michigan. As part of its mission Credit Union 
ONE has partnered with local health care service organizations, 
including the nationally renowned Barbara Ann Karmanos Cancer Institute 
of Michigan, to support cancer care and research. Additionally, Credit 
Union ONE has hosted numerous free fraud/identity theft seminars and 
financially literacy sessions, as well as workshops for first-time 
homeowners and financial planning, for both its members and the broader 
community. As a further benefit to its members, Credit Union ONE offers 
a scholarship to college-bound high school graduates of their families 
which can substantially assist a student with the cost of higher 
education. Furthermore, as part of its dedication to the vitality of 
Michigan, Credit Union ONE was an official 2010 Census Partner, 
educating the public on the importance of responding to the Census to 
maximize the resources available to its community partners across the 
state.
  Mr. Speaker, it is with great pride that I recognize Credit Union ONE 
for seventy-five years of successful operations across Michigan. 
Throughout its history, Credit Union ONE has been more than just a 
local member-based financial institution; it has been an important 
strategic partner for residents, small businesses, and local 
governments across Michigan that has worked with them to improve their 
quality-of-life. The success of Credit Union ONE is a success for 
Michigan, especially the Greater Detroit region where it is based, and 
I wish its members, employees, and its executive leadership many years 
of future success.

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