How it started
History
iTHINK Financial was formed in 1969 by a group of IBM employees who each deposited 25 cents. On September 17, 1969, the credit union was chartered under the name IBM Boca Raton Employees' Federal Credit Union to serve IBM employees and retirees in South Florida. By year end, the credit union’s assets were $43,675.
On November 21, 1972, IBM Boca Raton EFCU expanded its field of membership throughout the state of Florida and the name was changed to IBM Florida EFCU. By the end of 1972, assets were approaching $2.5 million.
On October 31, 1977, IBM Florida EFCU expanded the field of membership again to include Alabama, Mississippi, and Puerto Rico, and became IBM Southeast Employees' Federal Credit Union. By year-end, assets had grown to almost $15 million.
Over the years, iTHINK Financial has opened its membership to include the state of Georgia and also employees of many other companies besides IBM.
On July 1, 2015, iTHINK Financial converted from a federally chartered credit union to a Florida state-chartered credit union and the name was changed to IBM Southeast Employees' Credit Union (IBMSECU).
From Wikipedia’s article on IBM Southeast Employees' Federal Credit Union, shared under CC BY-SA 4.0.2