OUR STORY

ESTABLISHED IN 1960

The Ironworkers 29 Federal Credit Union was chartered on April 8, 1960, with a membership that was limited to members and employees of Portland, Oregon’s Ironworkers Local 29 of the International Association of Bridge, Structural, Ornamental and Reinforcing Ironworkers, AFL-CIO and the employees and immediate family of the credit union.

The President of Ironworkers Local 29, Lyle Eller, and the Business Agent, John O’Halloran, organized the credit union after John told Lyle that he was tired of loaning his own money to fellow Ironworkers so they could “boom out” - travel to where the work is. Lyle responded, “Maybe we should start us a credit union.” They gathered up 12 Ironworkers and did just that in Lyle’s office with two cigar boxes - one for deposits and one for loans. The original cigar boxes are still on display in our Portland Office.

The first recorded audit was on May 31, 1961. With Lyle Eller keeping all books, the credit union had 255 share accounts, with $26,776.82 in savings, and 97 loans in the amount of $24,188.78.

Thru the mid-60s, Lyle Eller was at the helm of the credit union, with occasional help from his wife Velma. He hired Alice Denny to help him full time, and they opened a small office inside the Ironworkers Local 29 Union Hall. Alice remained the manager of the credit union until her retirement in 1986.

The credit union had become a self-supporting financial institution with more than $1 million in assets.

Diane Baldwin, who had been with IBEW Local 280 Federal Credit union, joined the credit union as Manager/CEO.

Lyle Eller retired after having served the credit union for 25 years. He had stayed active in the Credit Union Movement including serving as a director on the Oregon Credit Union League Board as well as serving as the credit union’s Treasurer until retirement. Lyle passed away on May 6, 1987.

The credit union’s charter was amended on January 15, 1998, changing the name to Pacific Northwest Ironworkers Federal Credit Union.

This name reflected the credit union’s opening up of membership in order to serve all of the Ironworkers Unions within the District Council of the Pacific Northwest.

Lyle Eller retired after having served the credit union for 25 years. He had stayed active in the Credit Union Movement including serving as a director on the Oregon Credit Union League Board as well as serving as the credit union’s Treasurer until retirement. Lyle passed away on May 6, 1987.

The credit union’s charter was amended on January 15, 1998, changing the name to Pacific Northwest Ironworkers Federal Credit Union.

This name reflected the credit union’s opening up of membership in order to serve all of the Ironworkers Unions within the District Council of the Pacific Northwest.

New Locals included:
February 12, 1990 - Ironworkers Shopmen’s Local 516 in Portland, Oregon.
April 1, 1998 - Ironworkers Local 86 in Seattle, Washington; Ironworkers Local 114 in Tacoma, Washington; Ironworkers Local 598 in Kalispell, Montana; and Ironworkers Local 751 in Anchorage, Alaska; and Ironworkers District Council of the Pacific Northwest
July 31, 2001 - Ironworkers Local 14 in Spokane, Washington.
December 12, 2001 - Ironworkers Shopmen’s Local 506 in Tukwila, Washington

The credit union merged with the Ironworkers Local 14 Credit Union in Spokane, Washington, on July 31, 2001 and relocated the Spokane branch to the Ironworkers Local 14 Union Hall in Spokane Way. A branch office was opened in Seattle at the Ironworkers Local 86 Union Hall.

Diane Baldwin, CEO, retired after 25 years of service to the credit union, she was replaced by Teri Robinson. Teri Robinson joined our CU team bringing 21 years of credit union experience. She brought a “Can do, no problem!” approach to member support that helped us not only survive tumultuous times for the CU industry, but thrive and secure national recognition for our CU.

The credit union became a Community Development Financial Institution through the U.S. Department of Treasury. This designation certifies the credit union as a specialized financial institution that works in market niches that are underserved by traditional banks, allowing it to offer a wider range of products and services to members.

Teri Robinson, CEO, is honored to receive the most-coveted CUNA Magazine’s “Rock Star” Award.

At the end of December 2015, the credit union had $20.7 million is assets - the highest level ever.

When we say we have FREE checking, we mean it. No monthly fees to use your debit card. No service fees. No fees to use ATMs.

Give us a call at 877-769-4766 to find out all your credit union can do.

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Now Serving Number One-That’s You!

Pacific NW Ironworkers Credit Union has a variety of financial services to make your life easier. Start with a saving account, add a FREE checking account, and round out your portfolio with a line of credit or auto loan (just to name a few!) when the time is right.
YOUR Credit Union is your one-stop shop for all your financial needs!

Your money is safe and secure
All deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. The NCUA is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF).
The NCUSIF is a federal insurance fund backed by the full faith and credit of the U.S. Government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union. If you have more than $250,000 on
deposit at Pacific NW Federal Credit Union, ask us how you can maximize your coverage.