Credit Union 1 was established as
Chanute Military Credit Union in 1958. The original field of membership was personnel and dependents of
Chanute Air Force Base. In 1978 it was announced that Chanute Air Force Base was a candidate for closure. After the decision was made in March 1979 to retain Chanute Air Force Base as a viable military technical training center, plans were developed to insulate the credit union from actions of this type in the future. As a result, the credit union made concentrated efforts in 1979 to further develop another segment of potential members, and a merger took place with
Fort Sheridan Federal Credit Union. This merger expanded Credit Union 1’s field of membership to the
Military Reserve and
National Guard Units in Illinois. The next expansion CU1 experienced was changing the field of membership from “occupational” to “associational”. This meant CU1’s field of membership was no longer restricted to military affiliation. Since then, Credit Union 1 has continued to grow and progress through mergers and acquisitions, as well as growing “Select Employee Groups” (SEGs). Credit Union1 has also bought naming rights for the former Hollywood Casino Amphitheater, now known as the Credit Union 1 Amphitheater, in Tinley Park, Illinois ==References==