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R.I.A. Celebrates Oak Anniversary

Posted on January 08, 2015 by Jake Ward

R.I.A. Federal Credit Union 80th Anniversary Logo. A lifetime of  Community Investment.

Oak! That doesn’t sound very exciting, but it is. Oak is the traditional gift for an 80th anniversary. Diamonds or pearls might make a better gift but oak is a great representation of R.I.A. FCU.

Oak represents a long period of time and the commitment to reach maturity, which is a direct reflection of the hard work and dedication that is necessary to withstand 80 years.

As just an acorn in 1935 with only $252.09 in assets and one location, the foundation was set for a strong credit union. Now, R.I.A. FCU is proud to be celebrating 80 years of growth and financial stability proving worthy of an Oak Anniversary. It’s a celebration for all of R.I.A. FCU’s members and employees, past and present. Without everyone’s commitment along the way, R.I.A. FCU wouldn’t have survived and grown into the mighty oak it is today with 11 locations, over 38,000 members, and assets exceeding $354 million.

Here are a few highlights of our history:

  • 1935 – 1st Annual Meeting of the Rock Island Arsenal Fire & Police Credit Union. Credit Union was originally charted in the state of Iowa. 
  • 1936 – The credit union’s Iowa charter was expanded to include all employees of the Rock Island Arsenal. Our name was officially changed to Rock Island Arsenal Employees Credit Union.
  • 1945 – The credit union moved from the Fire & Police station to the east end of the cafeteria.
  • 1965 – Converted to a federally chartered credit union. 
  • 1975 – Merger with J.A.O.A.C. Credit Union of Joliet, Illinois. 
  • 1978 – The credit union moved again to Building #61 on the Rock Island Arsenal. Checking accounts were introduced.
  • 1982 – Our name changed to R.I.A. Federal Credit Union and we opened a branch at SouthPark Mall. 
  • 1981 – Merger with Northwest Tri-County Credit Union and Savanna Army Depot Credit Union of Savanna, Illinois.
  • 1982 – Merger with Ringle Express Federal Credit Union of Moline, Illinois.
  • 1983 – Merger with Ft. McCoy Credit Union in Wisconsin. 
  • 1984 – We opened our Davenport Branch and closed the SouthPark Mall office. We also opened a temporary facility in Moline.
  • 1986 – Our building on 46th Avenue in Moline was opened.
  • 1986 – Merger with VA Employees Credit Union of Tomah, Wisconsin.
  • 1987 – Merger with J.I. Case Employees Credit Union of Rock Island, Illinois. 
  • 1989 – Day & Night Access (DANA) audio response was launched.
  • 1992 – Our Savanna office moved to a new location at 103 Third Street.
  • 1993 – Merger with Valley Community Credit Union of Davenport, Iowa. 
  • 1995 – We opened an office at 4217 Utica Ridge Road in Bettendorf.
  • 1998 – Debit cards were introduced.
  • 1999 – The Tomah office moved to 1024 N. Superior.
  • 2000 – Home banking was introduced.
  • 2000 – Merger with Quad-City Patternmakers Credit Union of Moline, Illinois. 
  • 2001 – Online bill pay was added.
  • 2003 -  Wilton branch was expanded and completely remodeled to include drive up lanes and 24 hour ATM.
  • 2004 – Electronic Statements and Courtesy Pay became available.
  • 2008 – The credit union opened our Milan, IL branch.
  • 2009 – We opened our Hy-Vee Branch in Moline, IL.
  • 2010 – Launched mobile banking. 
  • 2010 – Opened our Hy-Vee branch in Silvis, IL. 
  • 2014 – Opened new Bettendorf Branch and Corporate Center.
The mission of R.I.A. FCU hasn’t changed in the last 80 years. It was and still remains our mission to help every member reach their financial goals. Through the years, we’ve grown in membership as we’ve broadened our services to meet the needs of our members.

Today, the credit union is proud to offer a wide array of savings and money market accounts, checking accounts, certificates, and Individual Retirement Accounts. And when it comes to borrowing, if you are looking for an auto loan, first mortgage, home equity loan, signature loan, student loan, or great rate VISA credit card, R.I.A. FCU is here to help.

To make it easier to manage your finances, R.I.A. FCU also offers a wide variety of digital banking products. If financial advice is what you need, R.I.A. FCU has financial professionals available to assist you on a one to one basis.

As R.I.A. FCU continues to move forward, it’s essential to look back and remember why credit unions like R.I.A. FCU were created. Credit unions are cooperatives that were developed to promote wise economic management of money among the American people and are bound together by a common set of business principles and values.
  • Volunteer leadership
  • Democratic control
  • Economic participation
  • Autonomy and independence
  • Member education
  • Cooperation among cooperatives
  • Concern for community
R.I.A. FCU will continue to work to put our members and our community first.

We believe a key reason R.I.A. FCU is your best financial partner, because we listen to the needs and interests of our growing membership and provide excellent services. Every day, we work to make sure our members receive helpful, personalized service when they come in, call us on the phone or reach us online. We strive to meet members banking needs and our dedication to competitive loan and savings rates are our top priorities, day in and day out.

Throughout 2015, R.I.A. FCU will be celebrating its 80th anniversary, so be sure to follow us on Facebook and Twitter to keep up on our celebratory activities.