Fergus County Federal Credit Union applied for its charter on August 5, 1953. TheBureau of Federal Credit Unions approved it on September 15th, 1953.

The first members to subscribe for the charter include H.A. Davenport, Golda Davenport, Frank Maruska, Leonard LaTray, William J. Bucher, David Phillips, Everett Moore, Clarance Bussey, Miro Heil and Alvin Anderson.

The first expense of the credit union was on September 30, 1953 for $23.25 to the Treasury of the United States, no doubt to pay for the charter application.

The first member deposit was recorded on October 1, 1953 and the first loan of $200 was granted on November 2, 1953.