Employees in the Church Offices needed financial services so the First Presidency tasked Keith Carroll with creating a solution. On August 4, 1955, the credit union was officially founded as the LDS Church Office Credit Union. Credit unions such as Deseret First are not-for-profit cooperatives. Deseret First and its members share a common why in faith. Our religion-based alignment influences the approach of the credit union and aspects of members’ personal lives including family, service, and community. Financial security provides us all with the opportunity to serve others and we all want to do good. It’s that simple