Our charter was approved on November 20, 1963. Several Teledyne Monarch Rubber employees invested their money to begin a capital fund forming Monarch Federal Credit Union. The credit union was originally formed to serve only Teledyne Monarch Rubber employees and their relatives. In 1991, we requested and were approved for a community charter. From that time on, we have been able to serve all residents and employees of Lake and Marlboro Townships. During the transition from a select employee credit union to a community credit union, the board of directors believed it would be in the best interest of the membership to change the name of the credit union to reflect its new membership base. At that time the name was changed to Lake Community Federal Credit Union.