Alloy Federal Credit Union was originally chartered in January 1970 as Alloy Employees Federal Credit Union serving employees and immediate family members of Union Carbide Corporation. Later, they were bought out by Elkem Metals Company. With the substantial downsizing of the Elkem Metals Alloy plant, the Board of Directors felt it necessary to expand the field of membership to stabilize the assets of its members. In November 2003, we were approved to extend our field of membership to serve all of Fayette County. We then requested to change our name to reflect our recent change and we became Alloy Federal Credit Union.