Our History

IC Federal Credit Union was born from a very simple idea:
People Helping People

From our humble beginnings in the basement of the Immaculate Conception Church in Fitchburg, in 1928, to our position today as one of the largest credit unions in the state of Massachusetts, IC Federal Credit Union is steadfast to our commitment to our Members.

IC Mission

Our Mission is clear: To improve the well being of our Members by providing innovative products and services while promoting Member education and community support through a team of caring, knowledgeable and empowered professionals.

A Timeline of IC Federal Credit Union History

IC Federal Credit Union was founded in 1928 as a Member-owned, non-profit institution. We were chartered to encourage savings by offering a fair return on deposits, to use those deposits to offer Credit Union Members low cost loan products and to provide additional services as needed.

We quickly out grew the basement of the church and moved to Blossom Street, Fitchburg. In 1972 we built our Main Office at 255 Main Street, Fitchburg, MA. Though we believed this facility would enable us to service our growing Fitchburg Membership for many years to come, it soon became evident that an additional branch was necessary. So, in 1977 we opened the Parkhill Plaza Branch. In 1985, to accommodate our continued growth, we built our current Main Office at 300 Bemis Road, Fitchburg.

Changing our Charter

On June 10, 1986, we changed our charter from state to federal. This charter allowed us to offer additional services to our Membership and we became the IC FEDERAL CREDIT UNION. Our new charter also allows us to expand our field of Credit Union Membership to include individuals who live or work in the counties of Worcester, Middlesex, Franklin, Hampden, Hampshire and Norfolk MA. It also includes the spouses of individuals who have passed away while in our field of Membership, employees of the Credit Union, Members of their immediate families and organizations of such individuals.

Expanding Our Federal Credit Union

In 1986, we expanded into Leominster and opened a new Branch at 400 Mechanic Street. Based on the tremendous success of the 300 Bemis Road location, we decided to close the 255 Main Street Office in 1989. In June of 1992 we opened a new branch in Westminster, serving the growing Membership in the northern region.

In 1997, it was time to expand again and we opened two new branches. The first was our Watertower branch, located in Leominster across from the Leominster Hospital, currently a UMASS Memorial affiliate hospital. The Watertower Branch not only enhanced our ability to deliver quality Credit Union Member service, it also enabled us to continue to grow our presence in that area.

The second was our Ayer branch. With the revitalization efforts being conducted in Ayer, we felt that this would provide us with the same opportunities for successful growth we experienced in the Fitchburg, Leominster, and Westminster area.

Expanding in the 21st Century

In 2006 we moved our Parkhill Plaza Branch a short distance away to 520 Electric Avenue, Fitchburg, right across from the Parkhill Plaza. This branch would offer state-of-the-art technology by offering an Internet café, plasma TV with Member information updates, and ATM drive-thru access.

June 20, 2011 - We are proud to include our latest addition of new IC Federal Credit Union branches: the successful move of our Westminster Branch to 71 Main Street. The new location features an innovative dialogue banking center, with a modern, open-concept design - the first of its kind in the area! Relax at our Hospitality Area, or read our product brochures while watching IC news in our new Financial Center. Finally, no branch would be complete without an ATM, Drive-up Banking, and coin counting machine free for our Members.

As we continue to seek growth opportunities, our first priority is to our Credit Union Members. Because It's All About YOU!