Jacomcu: Japanese American Community Credit Union

History

August 1957 -- The CU moves to 3060 11th Ave.

February 04, 1958 -- The one time membership fee is raised from 50¢ to $2.00.

1960 -- An aggressive promotion year brought 478 new members, twice the growth rate of any previous year.

1961 -- The CUs 10th Anniversary. Kotaro Sakakura who had been President for the past 10 years retires.

July 1962 -- The CU reaches its 1 million mark in assets and 3888 members strong.

September 1964 -- The CU moves to 3037 W Jefferson Blvd.

February 11, 1965 -- Shigeru Yamashita becomes the CU’s 5,000th member.

October 1967 -- The Service Bureau Corporation’s on-line computer system is obtained. Passbooks are eliminated and replaced by quarterly statements.

1971 -- The CUs 20th Anniversary. Assets grow to nearly three million dollars and membership reaches 6,000 strong.

April 1977 -- The CU begins selling travelers checks.

December 5, 1977 -- The Board of Directors increases the minimum share balance from $5 to $25.

July 1978 -- The CU begins to sell money orders

April 1980 -- A share draft (checking) program is started.

April 1981 – Kenzo Yamaguchi starts working at the CU.

April 1983 -- An IRA plan is adopted.

May 1985 – The new office building built, behind the current building is complete. Soon after the now old building is demolished to provide space for a parking lot.

May 1985 – Kay Kuramoto starts working at the CU.

March 1987 -- ATM cards to access funds in the share draft account through Security Pacific National Bank (SPNB) ATM network becomes available.

February 1988 – Roy Ota starts working at the CU.

January 1989 -- Direct Deposit becomes available.

May 01, 1989 -- The Board of Directors increases the membership fee from $2 to $5.

May 1989 – Chris Hatanaka starts working at the CU.

July 1989 – Ken Takemoto starts working at the CU.

 

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