San Jose Credit Union turned 80 years old this month and will celebrate the anniversary by giving away 80 prizes.
Prizes include movie tickets and cash.
"For 80 years, we've operated from the same core value of people helping people," said Andrea Brewer, San Jose Credit Union president. "Awarding prizes to members is an ideal way to celebrate this momentous year."
The California credit union, chartered in 1932 as Municipal Employees' Credit Union of San Jose, opened with only four members and ended its first fiscal year with $262 in share balances. The fourth member, Lawrence Campbell, is the longest tenured living member. Campbell, a retired San Jose Firefighter Chief who turns 105 this April, recalls that the credit union was started by a handful of people to provide each other "good and handy service.”
“When we started the credit union, some people said it wouldn't succeed," said Campbell. "I appreciate today's membership because they are the reason we've been able to help each other and stay in business for 80 years."
Today, the credit union has more than 12,500 members and maintains assets of $130 million.