Liberty First Credit Union is unique in the financial services industry. We are a member-owned, not-for-profit financial cooperative. Those who do business with us are known as members. We exist solely to provide our members with affordable financial services; and members work together to achieve their financial goals.

Member savings accounts earn dividends and create a pool of funds for other members to borrow at a low interest rate. This "people helping people" cooperative business philosophy enables us to provide a full range of low-cost financial services to our members.

To establish membership, a share savings account with a balance of least $5 must be opened. This represents one share of LFCU. There are no outside or majority shareholders. Each member, regardless of the size of their account balance, only owns one share. Our earnings are returned to our member-owners through dividends, competitive rates on loans and savings, free and low-cost services, and other member benefits.

Our democratic organizational structure provides our member-owners with the opportunity to participate in the management of the credit union. The Board of Directors consists of volunteer members elected by the membership. Only members may serve on the Board and each member receives one vote.

We were originally chartered as the Burlington Employees Cooperative Credit Association in 1935 and served the employees of the Chicago, Burlington & Quincy Railroad. In 1943, our request for conversion from a credit association to a credit union was approved.

Credit

Liberty First Credit Union

Frank Wilber

Chantalle Page

Kevin Frenzel

Eric Erickson

Angie Schreiner

The Leadership Team at Liberty First Credit Union is responsible for guiding the strategic direction and overall operational efficiency of the cooperative. Comprising the Vice President of Operations, Senior VP of Marketing, CIO/VP of Information Systems, and Senior Vice President of Lending, this team collaborates to ensure that member services remain innovative, affordable, and aligned with the credit union’s mission of "people helping people." They oversee key areas such as operational processes, marketing initiatives, information technology, and lending services, ensuring the institution maintains its competitive edge while upholding member-centric values.

Leadership Team

Lending Team

Information Technology Team

Leadership Team

About

Team members

Other teams at Liberty First Credit Union

Lending Team

Information Technology Team