Our credit union was officially chartered on February 23, 1965 as Navajo Mine Federal Credit Union with the sole sponsor being Utah Construction & Mining Company. Utah's name has changed several times over the years and is now BHP-Billiton Mining, Inc. The credit union was located on the Navajo Mine Site until 1986 and was then moved to the present site in Kirtland.
BHP-Billiton Mining, Inc. operates several mines in San Juan County which supply coal to two power plants in the Four Corners area. BHP-Billiton has been a good sponsor for the credit union and our relationship with this company remains very strong. In the early years they provided not only employees to perform the credit union services but work space and financial aid. Without their support the credit union would not have survived.
In 1993 employees of the Navajo Agriculture Products Industry signed a petition to be included in our field of membership. They were officially admitted on April 20, 1993. NAPI is a farm that produces a variety of beans, high quality hay, corn, pumpkins, and wheat. They also have a large feed lot. Our credit union has been good for these employees as it is much closer to their homes and work place than their previous credit union and they have given us a diversity that was needed.
On December 20, 1994 employees of Navajo Housing Authority, working out of Shiprock, New Mexico
joined our credit union. NHA is a small, but vital group and are good members for the credit union.
NHA, is responsible for building homes and maintaining rental housing areas on the Navajo Reservation.
Employees of Arizona Public Service also signed a petition to join this credit union and on September 17, 1996 they were officially admitted for membership. APS is a large employer and this group has been very beneficial for the growth of this credit union.
APS is an electrical generating plant that supplies power to areas as far away as California and is a very generous employer to our surrounding communities.
The latest group to join our field of membership is Raytheon Missile Systems on September 22, 2006. Raytheon operates an assembly plant on the Navajo Reservation near the NAPI location. This group has diversified our membership even further and we look forward to increasing our relationship with them.
The above groups are very important to us but we are very proud of the families of these members because they have become a very large part of this credit union. A credit union is usually considered an employee benefit and we hope that we have fulfilled that expectation but it is doubly rewarding for us when a member encourages their family to join our organization.
As we grew it became evident that we needed a larger facility in order to provide efficient service to the membership and improve our image as a viable financial institution in the community and on August 12th, 1994 we moved into our beautiful new building. During the building negotiations it was decided that a new name for the credit union might be a good idea as we had changed our field of membership and Navajo Mine did not encompass all of our groups. The Board of Directors put it to a vote of the membership along with a name contest. The involvement from the membership was substantial and the result of the vote was a name change to Four Corners Federal Credit Union. This name is the perfect fit for us because it lets the world know exactly where we are located and can readily encompass future expansion in our field of membership