BTCU Milestones: From 15 members & $2,000 to 17,000 members & $128 million.
In 1957, a group of leaders in the building and constructions trades came together to form a new kind of financial institution. Inspired by the desire to help fellow workers, they organized the Cement Masons Local 560 Credit Union to provide a banking alternative for themselves and their fellow union workers.
1957—Cement Masons Local 560 Credit Union Founded
The Credit Union was originally run by just a few volunteers. The original share balance limit was $2,000. Loan limits were $100 for unsecured loans and $300 for secured loans.
1959—Name Changes to Building Trades Credit Union
Cement Masons Local 560 Credit Union changes its name to Building Trades Credit Union.
1960-1988—Slow & Steady Growth
The Credit Union continued to grow and expand its membership and product offerings over the next decade. Checking accounts were introduced in the 1980s, followed shortly by ATM cards, IRAs and Share Certificates. By the mid-1980s products and services continued to expand and the Credit Union offered credit cards, home equity loans, and telephone banking.
1989—Leesa Husak Becomes President
Leesa Husak is chosen as President of Building Trades Credit Union.
1991—Building Trades Credit Union Converts to a National Charter
Building Trades Credit Union converts from a state to a national charter and changes its name to St. Paul Building Trades Federal Credit Union.
1992—St. Paul & Minneapolis Building Trades Federal Credit Unions Merge
Another charter change added substantially to the growth of BTCU. St. Paul Building Trades Federal Credit Union merged with Minneapolis Building Trades Federal Credit Union to form Twin Cities Building Trades Federal Credit Union. Membership doubled to 8,000 and assets totaled $23.4 million.
1993—New Office in Shoreview
Twin Cities Building Trades Federal Credit Union opens a second office in Shoreview.
1995—Twin Cities Building Trades Federal Credit Union Changes Its Name
Twin Cities Building Trades Federal Credit Union becomes Minnesota Building Trades Federal Credit Union.
1998—A New Headquarters
The Credit Union constructed a new building in Maple Grove office to house operations and a member service center.
1999—Mortgage Loans Available
The Credit Union continues to expand its services and begins offering mortgage loans.
2001—New Office in Inver Grove Heights
The Credit Union opens its third office in Inver Grove Heights.
2006—Credit Union Offers Business Services
The Credit Union begins to offer a full range of products and services designed for small businesses.
2007—New Office Opens in Eden Prairie
The Credit Union opens its fourth office in Eden Prairie.
2009—Credit Union Name Reflects its Roots
In May 2009, the Credit Union changes its name back to Building Trades Credit Union.
2013—Bill Daehn Becomes President & CEO
Bill Daehn is appointed President & CEO of Building Trades Credit Union.
2014—BTCU Combines Inver Grove Heights & Eden Prairie Branches at a New Location in Bloomington
BTCU's new branch, located just off 35W at 98th & Lyndale, opened April 9, 2014.
2016—BTCU Expands its Bloomington Branch
In early 2016, we doubled the size of our Bloomington office to accommodate Business Services and Commercial Lending, our Mortgage department, and our Member Solutions department.
BTCU is more than 17,000 members strong with assets in excess of $125 million. We are one of the largest credit unions for men and women in the building and construction trades and their families. As BTCU continues to add products, services, and locations, we recognize and appreciate our real strength is our members.
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