Sheridan's Commitment to Wyoming
We're not just a credit union. We're your neighbor, committed to delivering outstanding service and helping you reach your goals.
Sheridan Community Federal CU provides quality financial services to members who share our common bond, to encourage regular savings, promote thrift, and offer loans at reasonable rates. We strive to provide the highest savings rates and the lowest loan rates feasible in our market.
In the spirit of people helping people, we recognize each individual's contribution as vital to our success. We encourage open, honest communication in an environment of respect and fairness. We assume a responsibility to share knowledge, skills and opportunities to support employee growth and development, leading to excellent member service.
On March 1, 1941, seven individuals - Rollie E. Miller, Warren Jackins, F.W. Wilhelm, Roy Kopisch, Inez W. DePue, W.L. Ahlemeyer and Fred Pramann - petitioned the Farm Credit Administration (Bureau of Federal Credit Unions; later NCUA was formed in 1934 under the Farm Credit Administration) for permission to form a credit union in Sheridan, WY, for employees of the U.S. government.
Sheridan Employees Federal Credit Union, as it was then known, received charter number 4374 on March 24, 1941. Each of the seven charter members opened the first share accounts at the credit union with one share each at a par value of $5.00. The credit union occupied various office spaces, including the laundry facility and building 5 on the grounds of Fort McKenzie the V.A. Hospital in Sheridan, until 1984 when the credit union relocated to 23 North Scott across from the post office in downtown Sheridan.
The move downtown coincided with the credit union's decision to expand the field of membership to include other SEGs (Select Employee Groups). In March 1988, the credit union merged with the SherDek Federal Credit Union, greatly expanding the growing field of membership. By 1991, the credit union had outgrown the North Scott location, and land was purchased at the corner of Burkitt and Gould streets to construct a new building, which was completed in November 1992. Six years later, the credit union petitioned and was granted a community charter from NCUA, which allowed the credit union to serve all individuals living, working and worshipping in Sheridan County Wyoming. Also in 1998, the credit union changed its name from Sheridan Employees Federal Credit Union to Sheridan Community Federal CU, a small but distinct change to better show the new community charter.
Today the credit union is still located on Gould Street, and over the last decade, it has purchased most of the land around the credit union for future expansion.
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Banks are for-profit companies that exist to generate high levels of profit for their stockholders. Bank stockholders elect a paid board of directors to run the bank and benefit stockholders, not the bank’s depositors. On the other hand, credit unions are not-for-profit organizations founded on the belief that individuals sharing common bonds can benefit from a cooperative financial effort. Credit unions are member-owned and exist to serve and educate their members, who are their depositors, and to promote thrift. The members elect an unpaid board of directors to run their credit union for the financial benefit of all members who are the depositors and borrowers. Learn more about the Credit Union Difference.
No. While members clearly benefit from the affordable financial services, money management education and personalized service that credit unions provide, companies also gain by offering a credit union benefit to their employees. This increases a company's marketability and helps employees gain access to financial services that they might have been unable to obtain elsewhere. In the end, credit unions benefit all consumers — members and non-members alike. Credit unions provide the economic benefits of capital investment and help local capital pools serve local communities. Credit unions also benefit all consumers by continuing to provide rate competition and an overall choice for financial services in the marketplace.
Membership in Sheridan Community Federal CU is open to anyone who lives, works, worships or attends school in Sheridan.
If you qualify for membership, please contact us.
We have been members for over a decade. They always take the best care of and for us. We highly recommend them.