Our Story

Where We Started – and Where We’re Going

The idea of people helping people is not new now – nor was it in 1960, when a group of good people from Elko County decided to band together for that very purpose. But what came from that idea was and always will be revolutionary… the idea that all it takes is a common goal, dedication, and a commitment to bucking the convention of profit over people.

When Elko Federal Credit Union opened as a member-owned financial cooperative on that hot June day in 1960, it did so with the belief that people can create solutions that truly benefit their own interests, rather than the interests of Wall Street.  They recognized – as we still do today – that when we put our profits back into what we offer, all our members benefit from lower rates on loans, higher yields on deposits, and lower fees on absolutely everything.

June 1960​
EFCU opens with a field of membership of employees of Nevada State, Elko County, Elko City, and Cities and Towns in Elko County.
May 1962
EFCU increased its field of membership to include Public School Employees and Federal Employees who worked in Elko County.
May 1973
EFCU changed its charter to a Community Credit Union, opening membership to every resident of Elko County.
January 2006
EFCU increased its field of membership to include residents of Eureka and Lander Counties.

Today, we serve people who live, work, worship or attend school in the counties of Lander, Eureka, Elko, Humboldt, Pershing, Churchill and White Pine in Nevada; and Twin Falls and Owyhee in Idaho; businesses and other legal entities in those same counties; spouses of persons who died while within the field of membership of this credit union; employees of this credit union; volunteers in the community; members of their immediate families and households; and organizations of such persons.

Our Mission

The Elko Federal Credit Union will: be the premier provider of financial and credit services to all of the residents of Elko, Eureka and Lander Counties as authorized and chartered in 1960 and thereafter amended. This will be accomplished as the Elko Federal Credit Union achieves their strategic objectives. Achievement of the strategic objectives is outlined in the Business Plan objectives.

The mission of the Elko Federal Credit Union “to be the premier provider of financial and credit services” means: to be the best lending institution in the area serviced; help Members improve their financial well-being; provide excellent member service; and ensure a financially sound Credit Union. Employing capable management to build on our strengths and address our identified weaknesses will move the Elko Federal Credit Union closer to being the best as measured by customer satisfaction and business success. Sound business practices, operational profitability at levels that will ensure sustaining optimum capital adequacy levels, and a healthy lending environment are key to becoming premier. Continuous and constant implementation of the strategic and business plan objectives, given the plan assumptions, will ensure that our mission is accomplished over the long-term.

More from EFCU

It all starts here. Your membership is the way in to all the products and services available at EFCU. Joining is easy. Learn more.

Find out all the latest events and promotions right here.

EFCU is a great place to be a member – and it’s also a great place to work. If you’re looking to join an outstanding team of service-minded professionals, complete our employment application here.

We’re run by our members, for our member. As a not-for-profit financial cooperative, we put our members first – always. Learn more about how we run things here.

May 1962

EFCU increased its field of membership to include Public School Employees and Federal Employees who worked in Elko County.

January 2006

EFCU increased its field of membership to include residents of Eureka and Lander Counties.

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