Glenview Credit Union

Overview

Glenview Credit Union (GCU) was a nonprofit financial cooperative based in Illinois that operated under the principles of member ownership and democratic governance. As a credit union, GCU was established to provide financial services to its members and was governed by a volunteer board of directors elected by its members.

History

Founded in the mid-20th century, Glenview Credit Union initially served the local community by offering savings and loan products tailored to its members' needs. On August 1, 2020, GCU merged with Partnership Financial Credit Union, which was established in 2014 from the consolidation of several other credit unions. This merger allowed the new entity to expand its services and member base significantly.

Merger with Partnership Financial Credit Union

The merger between Glenview Credit Union and Partnership Financial Credit Union was completed after receiving necessary regulatory approvals and the consent of both memberships. Following the merger, the combined organization continued to operate under the name Partnership Financial Credit Union. The merger aimed at enhancing operational efficiencies and offering an expanded range of services to over 12,000 members, supported by assets exceeding $215 million.

Membership and Services

As a member-owned institution, GCU offered a variety of financial products, including savings accounts, loans, and other banking services to its members. Membership was typically open to individuals who lived or worked in specified communities or were connected to associated employee groups.

Philanthropy and Community Involvement

Glenview Credit Union adhered to the credit union philosophy of "People Helping People." It actively engaged in charitable activities, including donations to local nonprofit organizations. In 2024, it contributed approximately $19,460 to various charities in its service area, illustrating its commitment to community support and development.

Conclusion

Although Glenview Credit Union no longer exists as a standalone entity following its merger, its legacy continues within the services offered by Partnership Financial Credit Union, which strives to maintain the values of member-centric service and community involvement that defined GCU's operations.

[1] https://www.prnewswire.com/news-releases/partnership-financial-credit-union-merges-with-glenview-credit-union-301120080.html [2] https://www.mypfcu.org/about/about-us/ [3] https://www.mypfcu.org/charitable-donations/ [4] https://www.charitynavigator.org/ein/362440942 [5] https://projects.propublica.org/nonprofits/organizations/362440942