Team up our heart and passion for serving our members' unique needs with our ability as a credit union to focus solely upon the best interest of those members, and you've got a stellar combination.
Since 1952, this once-little credit union has been impacting our communities, one member at a time.
Founded in 1952 by seven Magnavox employees, we began as Magnavox Employees Federal Credit Union (FCU) in Fort Wayne, Indiana, to provide low cost loans and encourage systematic savings. In the early 1970s, the credit union operated three in-plant branches, primarily in other Magnavox facilities. From these beginnings, the credit union evolved into a national branching network.
The North American Philips Corporation acquired the Magnavox Company, our sponsor company, in 1975. After an agreement with Philips to serve all of their facilities, we changed our name from Magnavox Employees FCU to North American Philips FCU. When North American Philips changed their name several years later to Philips Corporation, we followed and changed our name to Philips Federal Credit Union.
In 2006, after more than 50 years of being affiliated with a sponsor company, the credit union was renamed once again to reflect who we are today – Partners 1st Federal Credit Union. This new name, not tied to any affiliation, allowed us to expand into other companies, other communities and merge in other credit unions.
Partners 1st FCU serves over 38,637 members and 23 offices across the U.S. as of November 30, 2020.
At Partners 1st... "U" are the difference. Your success defines us. So if you have a question, concern or simply need some assistance, please feel free reach out.Contact