We have a history of community commitment that has never wavered.
In 1956, Herb Roehl had just started his job with the Missoula Police Department. He was thrilled to be a police officer and to serve his community, but his salary barely covered the basics for his young family. Herb wasn’t alone. Some of his fellow police officers were having the same challenge.
Herb and seven of his colleagues pooled their savings to make loans to each other at rates cheaper than they could get at local banks. They incorporated as Missoula Federal Credit Union (MFCU) in 1956 and, in the following years, opened membership to include city, county, state, and public school employees.
Nearly 70 years later, Clearwater Credit Union is Montana’s largest CDFI and manages over $1 billion in assets for more than 62,000 members. Throughout our history, our dedication to helping people and communities overcome challenges and take advantage of opportunities has only become stronger. Explore key moments in our history below.
