Diablo Valley FCU History
Walnut Creek Municipal and Postal Employees Credit Union was founded on May 23rd, 1961 by eight charter members with an original combined deposit of $40. In October of 1961, the name was modified to Walnut Creek Federal Credit Union. The credit union had one part-time employee and transactions were conducted in the police dispatch room. Over the years, our field of membership expanded to include several other employers and organizations.
In 1984, we adopted our current name to reflect our growing field of membership. In 2007, the National Credit Union Administration(NCUA) granted DVFCU a community charter. This allowed people who work, attend school, live or worship in 14 central Contra Costa County cities to be eligible to open accounts at DVFCU. Members of Good News Federal Credit Union voted to merge GNFCU into Diablo Valley Federal Credit Union in May of 2007. NCUA approved the merger in June 2007, bringing over 700 new members to DVFCU. The board, supervisory committee, management and staff of DVFCU are proud to serve our current members and look forward to serving our future members.
Today, our employees and volunteer Board of Directors are committed to serving our 3,000+ members based on the credit union philosophy of “people helping people”. There are no stockholders, so the profits are given back to our members in the form of low loan rates, higher savings dividend rates, and the latest in home banking technology. Providing exceptional service and competitive financial products to each member is the cornerstone of Diablo Valley Federal Credit Union. In the coming years, we look forward to providing outstanding service to our members while developing new programs and enhancing existing ones.
Chief Executive Officer
- John Pamer
2018 Board of Directors:
- Greg Erickson, Chairman
- Bill Rodrigues, Vice-Chairman
- Dennis Horgan, Treasurer
- Carole Kelsch, Secretary
- Randall King, Member at Large
The purpose of our Credit Union is to maximize member benefits through cost effective financial services.