From the owner: In 1929, 31 teachers from the Springfield School System met at 32 Spring St to ensure the financial…read moresecurity of its members. After several meetings, the Springfield Teacher's Credit Union received, from the Commissioner of Banks and the Secretary of State, a Certificate of Inc on Oct 5, 1929. Phillip Fox was the first president and recorded assets of $2,160.
For many years, the credit union operated after school from Rm 125 at Commerce High School until property a new property was purchased in the 1960's. The membership continued to grow over the next several decades.
In 2015, after examining how to better serve our members and create an identity that represents who we are today, we decided to change our name to Arrha Credit Union. Arrha, meaning a pledge in earnest, is one of the oldest words in the english language and reflects our pledge to assist our members in reaching their financial goals by providing superior products and services in a personal manner.