Our History

Fitzsimons Credit Union turns 60 this year. Watch the video below for a little bit of our history!



On October 10, 1955, Fitzsimons Army Hospital (FAH) Federal Credit Union was chartered by the Department of Health Education and Welfare and began operation with 15 members and assets totaling $360. A share was $5 and the membership fee was $0.25. The first "office" consisted of two desks located in Building 511 and hours were from noon to 12:45 PM Monday through Friday. Loan amounts were limited to $10 payable in 30 days. Later, unsecured loans were granted for $200 or 10% of credit union assets. Ten months later, the membership grew to 794 and assets grew to $100,800.

During 1959 the membership grew 88% to a total of 2,828 members and the assets surpassed the $1,000,000 mark in mid-September for an increase of more than 160% over the prior year. This was an important time in the history of the credit union because for the first time it began operating entirely on its own money. The Board voted to add disability insurance clauses to a borrower's protection insurance policy. Of the 3,110 loan applications received 3,031 were approved for a total of $1,338,314.78. Only 79 loan requests were not approved.

A posting machine was purchased in 1960 allowing posting to be done by keypunch rather than manually. This increased accuracy and reduced the time required to post transactions. National recognition was received for being the first credit union to use the plastic addressograph cards.

In 1961, FAH moved to Building 349 to improve the efficiency of the operation. At the time of the move the Accounting Department was located in another building and the remaining offices faced crowded conditions. The credit union later moved to Building 119 where the main office remained until the completion of the current facility in 1993.

In 1962 FAH became the first credit union in the United States to amend the "field of membership" bylaws to include retired members of the US military within a 50-mile radius of Denver who utilized the facilities at Fitzsimons General Hospital. New accounting equipment purchased in 1965 enabled members to receive quarterly statements showing transactions to date, not just the current quarter. This new equipment also had the capability of computing various interest rates.

On November 17, 1966, the name of the credit union changed from FAH Federal Credit Union to Fitzsimons General Hospital (FGH) Federal Credit Union.

In January 1972 services of The Service Bureau Corporation were engaged which computerized the operation. On November 13, 1978, the credit union went on-line with The Service Bureau Company and could provide a receipt at the counter showing the distribution of payment and/or status of the account.

In 1974 the credit union began paying quarterly dividends versus semiannual dividends. The National Credit Union Administration awarded FGH Federal Credit Union the Thrift Honor Award in 1975. This certificate was awarded annually to the top 12% of federally chartered credit unions that showed the largest average monthly rate of increase in total savings. That year shares were up 28.4%.

All Federal Credit Unions underwent a new accounting system on January 1, 1975. The monthly financial and statistical reports posted by the credit union became easier for a member to understand; dividends showed as an expense item; and losses from bad loans showed as a deduction from a new item appearing on the Financial Statement -- "Valuation Allowance." The new addition to T-119 was dedicated on December 15, 1977.
National Jewish Hospital Credit Union merged with FGH Federal Credit Union in 1983. During that year the Loan Department opened in Building 526 where it continued to operate until the new building was dedicated in 1993.

In 1986 the credit union's name changed to Fitzsimons Federal Credit Union (FFCU). The Service Center and ATM opened early in 1987 serving members at the Potomac and Colfax location.

The United States Army formally announced the closure of the Fitzsimons Army Medical Center in 1995. In preparation for base closure the Board voted that year to expand the credit union's membership to ensure its long-term viability. In addition, the credit union applied to NCUA and was subsequently granted a community charter. This community charter allowed the credit union to continue providing its members dedicated, quality service while expanding to meet the needs of a growing community.

While the credit union recognizes the tradition and respect embodied in the Fitzsimons name, FFCU wanted a name to reflect that our members are actually our partners. Operating a credit union is contingent upon an equal partnership between credit union board of directors, supervisory committees, employees, and members. Therefore, effective August 31, 2009, Fitzsimons Federal Credit Union's public name became Fitzsimons, a Partnering Credit Union. Today, the credit union has more than 18,000 members and total assets of over $170 million.

Federally insured by NCUA |  Equal Opportunity Lender  |  © 2015 Fitzsimons Credit Union  |  303-340-3343  |  1-800-933-5839

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