On September 7, 1955, 20 employees of Celanese met with a North Carolina Credit Union League representative to start a new credit union. They decided to name it after two neighboring roads in Charlotte —Sharon Road and Fairview Road — and Sharonview Federal Credit Union was organized with only $11,000 in assets. North Carolina and South Carolina branches were added during the 60s and 70s and by 1979, assets passed the $25 million mark. The 1980s brought booming growth. Deregulation was introduced, bringing with it a constantly expanding list of services: 30-year mortgages, cash services, checking accounts, credit cards and IRAs. These services were added to the traditional offerings of loans and savings accounts, growing assets to $133 million.
In 1989, we were named “Credit Union of the Year” by the National Association of Federal Credit Unions. In the 1990s our rapid growth continued and we introduced Magic One and our first telephone financial solutions center. In 1993, Membership topped 34,000 and our assets reached $215 million.
Over the last 10 years, we experienced robust Member and asset growth through a strong value and service proposition, featuring top-of-market savings options, market-driven loan pricing and many no-fee services. The result: By the end of 2012, Sharonview reached the $1 billion asset milestone. Today we are known for our outstanding personal service, extremely competitive pricing and dedication to being the premier financial service provider across all of our branch locations.