After the Great Depression hit and Franklin Roosevelt took office in March of 1933, he faced a bank crisis.  People were very worried about the safety of their money.  They feared that more and more banks would fail.  FDR signed the Federal Credit Union Act in the middle of the night on June 26, 1934.  The Act allowed credit unions to form anywhere in the United States. 

Also in the 1930's, the vision of glass fiber insulation became a reality.  The Great Depression dragged on for a few more years, but the first "glory days" of Owens Corning were just beginning.  On October 31, 1938, papers incorporating the fiber glass operation as a separate company were filed, and it became the Owens-Corning Fiberglas Corporation.

The employees of Owens Corning then decided to establish their own credit union within the plant.  So in the year 1940, Fiberglas Federal Credit Union was formed.  And now, 68 years later, Fiberglas Federal Credit Union has grown to be the largest credit union based in Licking County, Ohio serving over 170 companies and their families. 

                  Our First Office