By Marsha King, President and CEO, Liberty of Congress FCU, Hyattsville, Md.

Our credit union was chartered in 1935 as a single sponsor: Library of Congress employees and has remained that way until the mid 1990s, when we merged a small and nearby credit union into us converting our charter to a multiple occupational. We still, at present, have only one operational branch in the Library of Congress Madison Building with our administrative and back office located in nearby Maryland.

I have been with the credit union for 16 years, during which it has grown from $32 million to $144 million currently serving 10,600 members. During this time, our management supported our core membership; The Library of Congress (LOC) and their strategies which included adding contractors and SEGs from LOC into our field of membership. We found this difficult for two reasons: contractors came and went before we had the opportunity to sign them up and obtaining a current list from LOC was not always possible.

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