Partners Federal Credit Union
| Company type | Nonprofit financial cooperative |
|---|---|
| Industry | Financial services |
| Founded | 1968 |
| Headquarters | Burbank , United States |
Area served | Employees and cast members of The Walt Disney Company and their families in the United States |
| Products | Credit union financial services |
| Website | partnersfcu |
Partners Federal Credit Union is a federally chartered credit union with its main office located in Burbank, California. This nonprofit financial cooperative provides services to employees and cast members of The Walt Disney Company along with their families. As of December 2016, the credit union operates thirteen branch locations, serving more than 180,000 members and managing assets surpassing $1.9 billion.
History
Established in 1968 by cast members at Disneyland Park, the credit union was originally called DRC Federal Credit Union, named after the Disneyland Recreational Club. The headquarters relocated multiple times, initially situated behind the camera shop on Main Street before moving closer to backstage employee areas. During the 1970s, it was renamed Disneyland Employees Federal Credit Union. In the 1980s, at the request of CEO Michael Eisner, the institution adopted the name Partners Federal Credit Union to eliminate the use of "Disneyland" from its title.
In November 2007, Partners Federal Credit Union merged with Vista Federal Credit Union, which had been founded in 1960. Vista primarily served employees of Walt Disney Studios in Burbank and personnel at Walt Disney World Resort in Lake Buena Vista, Florida.
Membership eligibility
Membership at Partners FCU initially encompassed only Walt Disney Company employees located in Orange County, California. When Disney took over operations at the in Long Beach in 1988, employees there became eligible. In 2001, membership was broadened to include all Walt Disney Company employees and Cast Members throughout the United States.
References