The credit union was chartered in February 1960 to serve the Okaloosa County School Board, Okaloosa Walton Junior College and St. Mary’s. It was formed with the help of a few local residents in north Okaloosa County. The first credit union building was a very small house behind the bus stop at Richbourg Middle School on Anderson Street in Crestview. Mr. Brown was the first manager of the credit union for four years before retiring. Gloria Reeves, who was the other person in the credit union, became the second manager of the credit union. She was the manager and later titled President/CEO for forty years. In 1982 the credit union leased one and purchased another building built by the vocational technical school.