Sperry Federal Credit Union marked its 75th anniversary recently when long-term members gathered at its main branch in Garden City Park, N.Y., to commemorate the milestone.
Sperry Federal Credit Union opened on Nov. 11, 1936, for employees and family members of Sperry Gyroscope Corp. Membership eligibility was extended to all of Nassau County in 2005.
The credit union’s roots trace back to iconic inventor Elmer Ambrose Sperry (1860-1930), who introduced the world’s first ballistic gyrocompass system in 1908.
The U.S. Navy installed Sperry’s gyrocompass on a number of battleships, including the U.S.S. Delaware, U.S.S. Drayton, U.S.S. Utah and U.S.S. Worden. Over the course of his highly successful career, Sperry went on to develop many critical products for the U.S. Army and Navy during World War I and II.
Today, Sperry Federal Credit Union serves more than 17,000 members and has assets of $320 million.