Chiphone Federal Credit Union was founded in December 1946 to meet the financial needs of the employees of Chicago Telephone Supply Company located in Elkhart, Indiana. Within the next three decades, the credit union grew to 4,500 members and 11 million in assets. This continual growth prompted the move to its current location at 1655 W. Beardsley Avenue. During this time, Chiphone FCU began to merge several smaller credit unions and grew to over 16,000 members and 50 million in assets. Chiphone FCU opened its first branch operation in 1985 in Nappanee, Indiana. In an attempt to satisfy the financial needs of its growing membership, Chiphone FCU opened its second branch in Middlebury, Indiana. In 1995, Chiphone FCU joined the Credit Union Centers of North Central Indiana, Inc. The creation of these Service Centers provided two more locations for our members’ convenience.