March 7, 2017
This month, Ent Credit Union celebrates 60 years of helping its members improve their financial quality of life.
In 1957, eight founding members each contributed $5 to create a credit union at Colorado Springs’ former Ent Air Force Base in order to provide check cashing services on base. Ent Federal Credit Union was officially chartered on March 7, 1957. Since that time, Ent has grown to become Colorado’s leading credit union, serving more than 280,000 members across eight Colorado counties with more than $4.7 billion in assets.
Ent’s 60th Anniversary comes on the heels of one of the most notable years in the credit union’s history. In January 2016, the credit union changed from a federal to a state of Colorado credit union charter, which resulted in removing the word “Federal” from their name. Then in April 2016, Ent’s field of membership was expanded to include Arapahoe, Douglas, Fremont and Jefferson Counties.
These organizational changes were coupled with continued financial strength as a financial cooperative. In addition to strong asset and loan growth in 2016, Ent also returned more than $3.8 million to members through its Ent Extras® loan reward program. The Ent Extras program has been expanded in 2017 to include rewards for both deposit and loan product usage, with the credit union anticipating returning more than $10 million in rewards to members at the end of this year.
“We’re very proud of Ent’s history of financial strength, member service and community support,” said Randy Bernstein, Ent’s president and CEO. “Our success is due in large part to the excellent service provided by our employees and the continued engagement and support of our members.”