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Who We Are
Mission Statement
Our mission is to offer a variety of competitive financial services in a friendly, efficient, convenient and confidential manner.
Our continuing goals are:
- To promote thrift among our members by offering regular and safe means of savings which provide earnings that are better than average.
- To enable members to obtain loans at low interest rates.
- To provide a pleasant and rewarding environment for Credit Union employees to conduct business.
- To sustain the confidence of our members by maintaining a level of earnings commensurate with growth.
Our History
The Federal Credit Union Act authorizing the organization of Federal Credit Unions was passed in 1934. The purpose of credit unions was to provide thrift among their membership and were made up of people with a "common bond" or "common interest" who would save their money together and make low interest loans to each other from the accumulated funds for useful purposes. Owned and operated by its own members, the credit union is a mutual, nonprofit corporation. Our members elect a board of directors to manage the organization.
On June 8, 1935, Capehart employees were granted Federal Charter No.379, and on June 19, 1935, Capehart Employees' Federal Credit Union started operation. Through the seventy-one plus years of service, our credit union had two name changes. In August 1940, we became Farnsworth Employees' Federal Credit Union; and in August 1959, we changed to our present name of ITT Employees' (Fort Wayne Division) Federal Credit Union.
Our current field of membership is Employees of ITT who work in or are paid from Fort Wayne, Indiana; Employees of this credit union; persons retired as pensioners or annuitants from the above employment; members of the immediate family or household and organizations of such persons.
