50th Anniversary
Our History
Fifty years ago, on the campus of Eastern Mennonite College, now Eastern Mennonite University, eight individuals deposited $5 each into savings accounts, and with $40 our credit union was born! The credit union was formed to provide an organization through which employees would establish a savings program, and these savings would be available for other employees to borrow. Thus, one member's savings became another member's loan. All staff and board members were volunteers. An individual's character and integrity were the basis for evaluating loans. Since then, Park View has grown into a full-service financial institution with 10,632 members, 5 branches, 73 employees and $180 million in assets.
In 1984 membership expanded to include Mennonite churches in Harrisonburg and Rockingham County, Virginia, to enable members to channel funds to assist one another in the areas of mutual aid and financial concern. By 2002, Park View had grown to include numerous partner organizations, including Brethren churches. Financial services were added to meet members' needs and expectations, resulting in a one-stop financial resource that provided savings, loans, investments and insurance.
In 1969, it would have been beyond our founders’ wildest dreams to imagine that this little credit union would become the thriving and successful organization it is today. But today, Park View is a thriving and vibrant member-centered, full-service credit union: it is structured as a not-for-profit cooperative, governed by a volunteer board and managed by professional staff. It is a values-based organization striving to live out its legacy of people helping people, by continuing to be Neighbors Serving Neighbors ®.
Timeline
Celebrate the major milestones with us as we look back on our last 50 years of Neighbors Serving Neighbors®.
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Jun 30, 1969
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Jan 1, 1970
Assets
Assets doubled
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May 24, 1971
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May 24, 1972
Assets grow
Assets grew by 60% to just over $98,000
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May 24, 1973
Thrift Honor Award
Won the Thrift Honor Award from NCUA for steady growth
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May 24, 1975
Growth
Assets grew by 49% to $199,000 and received 2nd Thrift Honor Award from NCUA
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May 24, 1977
Accounts
71% of eligible members had accounts and no accounts had been written off in first 8 years of operation
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May 24, 1978
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May 24, 1980
Location
Moved from EMC Science Center to Mennonite Broadcasts building
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May 24, 1981
Assets
Assets exceeded $600,000
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May 24, 1982
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May 24, 1983
Assets
Assets broke $1 million
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May 24, 1984
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May 24, 1985
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May 28, 1986
Manager
First full time manager hired.
Cash withdrawals available of up to $100 from share accounts.
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May 28, 1987
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May 28, 1988
John Beiler
John Beiler hired as Manager
Savings rate: 5.5%
New car loan rate: 9.25%
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May 28, 1989
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May 28, 1990
Annual Meeting
130 attended annual meeting preceded by fellowship meal
21% annual asset growth
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May 28, 1991
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May 28, 1992
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May 28, 1993
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May 28, 1994
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May 28, 1995
Saturdays
Saturday hours added
Almost 26% asset growth
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May 28, 1996
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May 28, 1997
Visa ATM/Debit Cards
Visa ATM and Debit Cards issued
Phone Teller system added
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May 28, 1998
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May 28, 1999
Harmony Branch & Website
Harmony Square full service branch opened
Website launched that included Online Banking
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May 28, 2000
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May 28, 2001
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May 28, 2002
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May 28, 2003
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May 28, 2004
Mortgages & Teen Club
Named "Best of the Best" by PHH for mortgages
Teen Club started
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May 28, 2005
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May 28, 2006
HSAs & Logo
Offered Health Savings Accounts
Adopted quilt square logo
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May 28, 2007
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May 28, 2008
Mortgages & Credit Cards
Named "Best of the Best" again by PHH for mortgages
Converted to Visa Platinum credit cards with Scorecard Rewards Program
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May 28, 2009
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May 28, 2010
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May 28, 2011
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May 28, 2012
MoneyView Online Banking
MoneyView Online Services debuted:
- Enhanced online banking
- Mobile app
- Remote check deposit
- Integrated personal financial management tool
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May 28, 2013
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May 28, 2014
Anniversary & Checking Accounts
Park View celebrates 45th anniversary
Upgraded checking account options
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May 28, 2015
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Jun 8, 2016
Dayton Branch
The Dayton branch finished renovations in the summer of 2016.
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May 28, 2017
Annual Neighborhood Connection & Core Conversion
Record breaking attendance at our Annual Neighborhood Connection event at 1,525 members.
We changed our operating system in the summer of 2017 to Keystone allowing our day-to-day operations to run more smoothly.
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May 28, 2018
Bridgewater Branch & John Beiler
Opened Bridgewater branch in Bridgewater Retirement Community.
Our president and CEO, John Beiler, celebrated 30 years at Park View.
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Jun 30, 2019
50 Acts of Kindness
In honor of our 50th Anniversary, we are participating in 50 Acts of Kindness around the community throughout the year.
Learn more about our 50 Acts of Kindness here.