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Buckey Federal Credit Union

History

About BCFCU


1954 Buckeye Cellulose Corporation was established. July 3, 1956 Buckeye Employees Federal Credit Union was established by the employees of Buckeye Cellulose Corporation.
1956 W. D. Wilson, an accounting manager for Buckeye Cellulose operated the credit union from the Foley Lumber Industries office.
Unsecured loans could be up to $200 and an additional $100 for each co-signer up to a maximum of $400. The interest rate was a whopping 1%.
1958 Mabel Adams, a part time employee, was appointed as office manager and the credit union began to operate from the old train depot which received and shipped goods for Buckeye Cellulose on the Live Oak, Perry and Gulf Railroad, better known as the "Loping Gopher".
October 1, 1959 Hoyt Ragans was hired as the first full time employee. At this time the credit union had $188,000 in assets and 500 members.
1960 The credit union moved operations to the old commissary building. This building also provided for dry goods, a barber shop and a post office. You could shoot a game of pool while sipping a soda drawn fresh from an old fashioned soda fountain.
December 31, 1960 $311,773 assets 678 members
December 31, 1970 $2,235,627 assets 2,113 members
May 18, 1975 Main office grand opening at the Hwy 30 location.
December 31, 1980 $11,595,698 assets 3,642 members
October 1987 Hoyt Ragans, credit union employee and Manager/President for 28 years, resigned. Pam Rigoni-Parker was appointed to serve as interim President.
August 15, 1988 Charlton L. Knowles was named BCFCU President
January 2, 1990 BCFCU opened the downtown branch facility. The members are very proud of this facility as it is one of the finest establishments in Taylor County
December 31, 1990 $34,108,938 assets 5,537 members
January 31, 1996 $36,139,803 assets 6,659 members
July 3, 1996 BCFCU celebrated it's 40th year anniversary of fulfilling our commitment of financial stability and first rate member service.
December 31, 1998 $40 Million assets 7800 members
May 1999 Windows driven computer system upgrade/conversion
2000 HomeBanking and Bill Pay made available on the internet
January 2001 Community Charter
March 15, 2002 Credit Union name changed to Buckeye Community Federal Credit Union
2002 Loans, Accounting, Special Services relocated to Town Office
December 31, 2004 $50 Million assets 9500 members
January 2005 ATM located at Buckeye operational
July 2006 50th year anniversary => $55 Million assets 10,200 members
July 2007 Completed construction of conference room and new drive through expansion
September 2008 Computer System Upgraded/Conversion
August 2009 Walkup ATM installed at Keaton Beach Corner Store
August 2010 HomeBanking services expanded to MobileBanking, text messaging
October 2010 Charter expanded to include 6 counties (Taylor, Dixie, Lafayette,Suwannee, Hamilton, and Madison)
December 31, 2010 $65 Million in assets
2011 Developed Online Apps for Loans, Membership, ATM cards, etc.
2012 Hired Marketing/Business Developer Director, partnered with Green Path Debt Solutions
2012Release of mobile application/Surpass 70 million in assets
2013Addition of Scorecard Rewards to all Visa cards
2013Mobile Remote Deposit Capture added to mobile application

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