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About Great Erie

The year was 1952. The place was at the Orchard Park High School. Several employees were gathered, earnestly discussing ways to help school employees make the most of their monies. Ultimately, they decided to ante up $5 each and use their grand total to form the OPCS Federal Credit Union. Our first manager, and employee, was Jim VanDyke, a High School history teacher. Our first "office" was his iconic briefcase which connected our earliest members to their life-long financial home.

In the near seven decades since those founding school employees made their financial commitment, the credit union has added many other groups, including Orchard Park Town and Village employees, and merging members from the East Aurora Schools Employees Credit Union. We have long since relocated from the high school to our current location on North Buffalo Road, where all of southern Erie County was welcomed to membership in 2005. 

As those first employees originally planned, outstanding member benefits and financial services continue to be the top priority at Great Erie.  The Great news is that those services now are available to all residents of Erie County.  

With an impressive membership of close to 8000 and assets of over $90 million and growing, it is obvious why Great Erie remains solidly rooted in its past, while impressively growing toward the future. We thank Charlotte Ash, Arthur Jakel, Alvira Diaz, George Wakeman, Harold F. Keyes for becoming our first volunteer Board of Directors. 

Great Erie Federal Credit Union supports the Seven Cooperative Principles for Credit Unions

1. Voluntary Membership
Credit unions are voluntary, cooperative organizations, offering services to people willing to accept the responsibilities and benefits of membership, without gender, social, racial, political or religious discrimination.

Many cooperatives, such as credit unions, operate as not-for-profit institutions with volunteer board of directors. In the case of credit unions, members are drawn from defined fields of membership.

2. Democratic Member Control
Cooperatives are democratic organizations owned and controlled by their members, one member one vote, with equal opportunity for participation in setting policies and making decisions.

3. Members’ Economic Participation
Members are the owners. As such they contribute to, and democratically control, the capital of the cooperative. This benefits member in proportion to the transactions with the cooperative rather than on the capital invested. For credit unions, which typically offer better rates, fees and service than for-profit financial institutions, members recognize benefits in proportion to the extent of their financial transactions and general usage.

4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If the cooperative enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the member and maintains the cooperative autonomy.

5. Education, Training and Information
Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of the cooperative.

Credit unions place particular importance on educational opportunities for their volunteer directors, and financial education for their members and the public, especially the nation’s youth. Credit unions also recognize the importance of ensuring the general public and policy makers are informed about the nature, structure and benefits of cooperatives.

6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, state, regional, national, and international structures.

7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of communities, including people of modest means, through policies developed and accepted by the members.

These seven principles are founded in the philosophy of cooperation and its central values of equality, equity and mutual self-help. They express, around the world, the principles of human development and the brotherhood of man through people working together to achieve a better life for themselves and their community.