In 1955, Dr. Harry Crewson, then professor of economics and later president of Ohio University, strongly believed that Ohio University employees needed a place where they could borrow and save at reasonable rates. "In Athens in 1955, there were at least a couple of Agencies on Court Street, which specialized in lending money at high rates of interest. Also, I was aware that some of the non-academic employees at OU were going to these agencies for loans. From the outset, I envisioned a University Credit Union primarily as an organization that would provide reasonable lending and saving facilities for non-academic University employees," stated Crewson in a 1997 letter to the credit union. By the end of the first year of operation, the credit union had 112 members and $11,879.23 in assets. We're now almost 26,000 members and over $345 million in assets!
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