The Aeroquip Employees Credit Union was organized in July 1949. Peter Hurst, founder of Aeroquip Corporation, was from Germany where credit unions were originally formed. Mr. Hurst felt so strongly about organizing a financial cooperative that he let them have their first office inside the Corporation walls.

The reason for the formation of credit unions was because factory workers found it difficult to borrow money from banks, so a financial cooperative was organized by the employees. The benefits of using a credit union were numerous. You earned higher dividends on your share account, lower interest rates on loans, friendlier service, payroll deductions, etc..

Over the years Aeroquip Credit Union has grown tremendously. We now have over $40 Million in assets and over 5,130 members. We have expanded our membership to all Aeroquip Corporation plants throughout the United States, as well as Select Employee Groups (SEGs) in the area.

OUR CORE VALUES

Earning Member Loyalty
Value the trust our members have placed in us by ensuring that we never misrepresent a product, it's value or lack of value to the member. Understand that we alone establish the reputation for services delivered. Commit ourselves, as employees, to bring value to the credit union with a strong work ethic and a sense of responsibility for ensuring that we deliver services to our members in a way that brings value to their banking relationships. This involves doing the right thing morally and going the extra mile when necessary.

Understanding That Employees Are Our Greatest Asset
Value the contributions and commitment of our employees, always look for opportunities to recognize and reward performance. Encourage and support the continual development of personnel, giving them every opportunity to develop skills that foster growth within the credit union.  Ensure that all employees recognize the value of teamwork, and consistently and unselfishly support each other in achieving the goals of the credit union. Develop an environment that encourages hard work among people who are genuinely happy to be employed at the credit union.