On October 8, 1935, at the height of the Great Depression, nine United States Senate employees; Chas E. Alden, Mack D. Chestnutt, Blaine Hollimon Jr., William E. Howard, Harry E. Cain, Edwin L. Swope, J.M. Henderson, D. Ronald Potter and Morris Sheppard, pooled their resources and chartered the United States Senate Employees Federal Credit Union with $45.00 to provide quality financial services to workers throughout the Senate. Initially operating out of an office in the Russell Senate Office Building, United States Senate Employees Federal Credit Union enjoyed decades of continuous membership and revenue growth. By the time of its 50th Anniversary in 1985 and the institution would serve over 15,000 members. In the following years, a name change to United States Senate Federal Credit Union (USSFCU) in 1990 and mergers with three other federal credit unions — the Government Accountability Office Federal Credit Union (GAOFCU), the District of Columbia Unemployment Federal Credit Union (DCUFCU), and American Trucking Association Federal Credit Union (ATAFCU) — helped USSFCU achieve dramatic growth into the new century. In fact, by the time of its 65th Anniversary in 2000, USSFCU assets had reached $204 million and its membership stood at over 28,000.
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