Over 40 Years Old (And Prettier Than Ever)
Southwest Airlines Employees Federal Credit Union was born on September 22, 1975, weighing in at 222 members and $29,119 tall. Pretty hefty baby, but we clearly had plenty of growing to do.
In the beginning, the credit union was run by Southwest Airlines employees out of their personal offices. By the end of the year, a table and a phone were added to the credit union's asset column. A file room was converted to accommodate them. (We were hitting the big time!) Things were moving along pretty good, and by the end of 1980 we cleared the $1 million hurdle with one full-time and two part-time employees on hand to celebrate.
By the time our tenth birthday rolled around, the credit union's asset size had swelled to $13 million dollars with 4,127 members. It was time to move out on our own, leaving the comfy confines of Southwest Airlines offices to our own dedicated location at Dallas' Love Field.
In 1986 a Houston branch was opened. A year later, a hub was opened in Phoenix. A second Phoenix branch soon followed as Southwest Airlines itself was growing fast and hiring many new employees.
On January 1, 1988, our adolescence was officially over as the credit union became a separate entity of Southwest Airlines. This allowed us to expand our services to other select employee groups. To reflect the change, "employees" was dropped from our name, now simply Southwest Airlines Federal Credit Union.
To keep pace with the continued growth, a two-acre lot was purchased in Dallas for the construction of our new offices at the corner of Shorecrest and Denton Drive. These offices opened in October, 1989.
From a file room with a single phone, Southwest Airlines Federal Credit Union has grown to five office locations in three major cities. Today, our staff includes more than 90 employees. We serve the financial needs of more than 50,000 members with assets of more than $485 million.
Through the years we've added a full array of services beyond our convenient checking and savings accounts, including ATM/debit cards, outstanding credit card services, online banking and bill pay, and more. Our members enjoy the best available financial services with a personal level of attention that simply can't be found from other financial institutions.