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The People’s FCU Celebrates 60 Years; Looks Forward to Future Growth
Thursday, March 28, 2013 6:35 AM

peoples_fcu.jpg

Almost 600 members of The People's FCU (TPFCU) gathered to celebrate the credit union's 60th Anniversary March 21, at the Amarillo Civic Center. Themed "We're Shining like a Diamond," attendees heard about the history of the credit union, as well as plans for the future.

"The credit union was literally started in 1953 in the back pocket of Fred Hill, an employee of the Amarillo Pantex Ordnance Plant, now known as Pantex," notes TPFCU President and CEO Art Hornell. "Fred would collect a hundred dollars here and there from plant employees so others could borrow."

By 1974, the credit union moved into offices at the Pantex plant and assets had grown to $8 million. In 1979, TPFCU opened an additional branch in the Amarillo city limits.

Over the next 20 years, the credit union merged three smaller credit unions into TPFCU and added other employee groups.  To better reflect its growing and diverse membership, the credit union changes its name in 1994 to The People's FCU.  

Today, TPFCU has five branches, which include the Pantex branch, two branches in Amarillo, and a branch in Childress and another in Canyon.  Today the credit union boasts assets of more than $151 million, and serves over 18,500 members.

Hornell says this year the credit union will focus on enhancing their electronic branch, as well as their new website and new bill payer.

“Our mobile access has been enhanced to a full app for both iPhone and android with iPad and android pad apps coming in the next few months,” says Hornell.

While the credit union is leveraging technology, Hornell says they aren’t ignoring the importance of brick and mortar.

“We are in the process of evaluating and determining where our next full service branch will be located,” adds Hornell.  “I expect the evaluation to be complete this year with perhaps the start of the next branch early next year.”