Seven Seventeen Credit Union is the third largest credit union in Ohio, and among the largest in the country. Ten branches in five Northeast Ohio counties serve more than 76,000 members.
It is unlikely that this degree of growth could even be fathomed in 1957 when Seven Seventeen was founded as a financial cooperative to provide hourly employees at Packard Electric with an opportunity to promote thrift and borrow money at reasonable rates. And yet, the growth that did ultimately occur was based on that initial founding principle of "people helping people."
Technology has advanced, new delivery channels have developed, and the breadth of financial products and services has widened; and yet, the focus of the employees and leadership of Seven Seventeen is the same today as it was in 1957. The sole motivation of the organization was and is to proactively and innovatively meet the financial needs of members in a manner that exceeds their expectations.
To ensure long-term survival of the financial cooperative, the Seven Seventeen leadership has had to make some key decisions over the years such as expanding membership to the salaried employees of Packard, then to the employees of other businesses, and ultimately to the wider communities we serve such that anyone who lives works, worships or attends school in Trumbull, Mahoning, Columbiana, Portage, or central Stark Counties can now open accounts with Seven Seventeen.
That diversification has provided the growth and economies of scale that are necessary to provide a diverse menu of loan and deposit products, as well as new and enhanced services such as telephone and online banking to meet the financial needs of members. And, due to those changes, Seven Seventeen has not only survived, but thrived.
After more than 50 years of serving members, Seven Seventeen Credit Union is well positioned to serve current and future generations for decades to come. Whether you have been a member for five decades or five days, thank you for giving us the opportunity to serve you.