Our History

Midwest Family Federal Credit Union came to be as a result of employees of Midwest Steel looking for convenient ways to do their banking. This vision came to life thanks to George Paulsen and Mel Edwards along with Rudy Geissler, Oscar Klements, Harry Jones, Robert Malis, and Robert Hale.

  • On May 10, 1962 founding members of the credit union signed the organization certificate upon the approval by the federal government officially creating the Midwest Steel Employees Federal Credit Union.
  • The first business office was located in George Paulsen’s dining room where members were able to make deposits, withdrawals and even fill out loan applications.
  • After noticeable success of the credit union, Forrest Wells, former superintendent, offered the use of a construction shed to serve as the credit union office.
  • In 1963 upon relocating to the Plant Protection building, the first official full time manager, Cathy Shillenn was hired.
  • In 1977 the mill leased land to the credit union for our current location, which has since been remodeled with additions taking place in 1998.
  • On July 31, 2003, the NCUA approved Midwest Steel’s request to become a Community Charter Credit Union.  In addition to existing Membership and their immediate family (or household), anyone who lives, works, worships, attends school in Porter County, IN may now become a Member of the credit union.
  • Bank Constructors was hired to construct a 5,000 square feet facility complete with a drive-up, ATM, and safe deposit boxes scheduled to be completed early 2005.
  • On September 1, 2003 our name changed to Midwest Family FCU.
  • June 1, 2004 held groundbreaking ceremony for new location
  • New location at 2832 Willowcreek Rd opens its doors to members on February 22, 2005
  • Held Ribbon Cutting Ceremony April 4, 2005 during Grand Opening Celebration April 4 -8.