The Ohio Steel Foundry Employees Lima Federal Credit Union was founded on November 10, 1953 to solely serve the employees of the Ohio Steel Foundry Co. of Lima, their immediate family members, and the employees of the credit union. In March, 1973, the credit union changed its’ name to be Ohio Steel Federal Credit Union. In February, 1988, the credit union once again changed its’ name to be Nickel Steel Federal Credit Union, hence combining the previous merge of the Nickel Plate Railroad (now known as Norfolk and Southern Railway Company) and the Ohio Steel Foundry of Lima (now occupied by Whemco and Superior Forge & Steel). Ultimately, the credit union was built from the hard earned money of workers in Lima. It was truly built by Lima for Lima. Nickel Steel Federal Credit Union strives to uphold this time honored tradition. Therefore the credit union has seen the need for a field of membership expansion due to the financial growth and opportunities in Lima, Ohio.
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