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ESL Federal Credit Union

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ESL Federal Credit Union

ESL Federal Credit Union
Credit union
Industry Financial services
Founded 1920
Headquarters Rochester, New York, United States
Key people Candy Obourne, Chairman
Products Savings; checking; consumer loans; mortgages; credit cards; online banking; mobile banking; business banking
AUM $4.3B USD (2012)
Website esl.org

Founded by George Eastman in 1920, ESL Federal Credit Union is a full-service financial institution with $4.3 billion in assets. ESL employs more than 640 people locally and has about 310,000 members world-wide. The company was twice recognized as one of the Best Small and Medium Workplaces in America by the Great Place to Work® Institute and presented by Entrepreneur®. Access to the credit union includes 19 branch locations and more than 40 ATM locations, a Contact Center, and Internet, online and mobile banking channels. The company is headquartered at 225 Chestnut Street, in Rochester, and can be found on the Internet at esl.org.

Membership in ESL is open to employees of George Eastman House, and residents of Rochester, among others.

ESL Investment Services, LLC is a wholly owned subsidiary of ESL Federal Credit Union. Established in 1996, ESL Investment Services provides a full range of financial services including retirement planning, insurance, financial planning and wealth management.


History

ESL Federal Credit Union was chartered in 1920 as Eastman Savings and Loan Association by George Eastman, founder of Eastman Kodak Company. Mr. Eastman’s intent at that time was to provide his employees with a financial institution that served their financial needs—especially by providing mortgages.

On February 1, 1996, Eastman Savings and Loan changed its charter and became ESL Federal Credit Union. Today, ESL offers members much more than just mortgages and is one of the largest and strongest credit unions in the country. It is the largest locally-owned financial institution in the Greater Rochester area and the largest credit union in New York State. ESL is in the top 1% of national credit unions ranked by assets.

ESL’s longevity and success can be attributed to the basic principles set forth by George Eastman. He believed employees should have more than just good wages—a way of thinking that was far ahead of management philosophy of his era. Eastman believed that the prosperity of an organization was due not only to inventions and patents, but also to workers' contributions and goodwill.

ESL has been ranked as one of the best medium workplaces in the country by Great Place to Work in 2010, 2011, and 2013.

References

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