On October 21, 1948, the Organization Certificate was signed by the following charter members: James C. Boerner, Edward J. Eckart, Edward M. Schriver, Sylvan J. Schneider, Jr., Edward Wagner, Eugene F. Jasper and Norbert A. Gorrell. The field of membership was limited to Subiaco and the area within a 5 mile radius. The Organization Certificate was approved by the Bureau of Federal Credit Unions on December 8, 1948. The Subiaco Federal Credit Union was born. Now the real work began, to sell the credit union idea to the people of the community.