ESL Federal Credit Union explained

ESL Federal Credit Union
Type:Credit union
Area Served:Greater Rochester Area
Key People:Faheem Masood, President & CEO
Industry:Financial services
Products:Savings
checking; consumer loans; mortgages; credit cards; online banking; mobile banking; business banking
Aum:$9.1B USD (2021)
Subsid:ESL Investment Services, LLC; ESL Trust Services, LLC; Cooper/Haims Advisors, LLC
Foundation:1920
Location:Rochester, New York
Num Employees:875
Homepage:esl.org

ESL Federal Credit Union is a full-service financial institution with headquarters in Rochester, New York. The locally owned financial institution employs more than 870 people in Rochester, New York, and includes more than 376,000 members and 11,800 businesses. The company has now appeared on the Great Place to Work Best Small and Medium Workplaces for 10 years (2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2011 and 2010).[1] Access to the credit union includes 22 branch locations[2] and more than 40 ATM locations, locally based telephone and internet chat centers, and online and mobile banking channels. Membership in ESL is open to employees of Eastman Kodak, members of the George Eastman House, and residents of Rochester, among others.

History

ESL Federal Credit Union was chartered in 1920 as Eastman Savings and Loan Association by George Eastman, founder of Eastman Kodak Company.[3] Eastman’s intent was to provide his employees with a financial institution that served their financial needs by providing savings accounts and mortgages.

On February 1, 1996, Eastman Savings and Loan changed its charter from a U.S. bank to a Federal Credit Union, changing its name to ESL Federal Credit Union.[4] It is the largest locally owned financial institution in the Greater Rochester area and the second largest credit union in New York State. ESL is in the top 1% of national credit unions ranked by assets.[5]

Notes and References

  1. Web site: Great Places to Work. Great Places to Work. Great Places to Work. June 17, 2016.
  2. News: Clausen. Todd. M&T Bank, ESL largest in Rochester. October 1, 2015. Democrat & Chronicle. Gannett. October 1, 2015.
  3. News: Oklobzija . Kevin . November 12, 2020 . ESL's mission remains the same after 100 years: To build a prosperous community . Rochester Business Journal . January 7, 2023.
  4. News: Bjorhus. Jennifer. Thrivent's bank will become a credit union. 15 January 2015. Star Tribune. 26 November 2012.
  5. Web site: Holdefehr. John. Top 100 Credit Unions in USA (Cash Assets). USA Credit Unions. USA Credit Unions.