Our History

PFCU was established as a select employee group (SEG) credit union in 1953 to provide financial services to MPB (now known as Timken) employees and their family members.

  • As a not-for-profit institution, all profits earned from operations are returned to members in the form of lower fees, better rates, and more services and dividends.
  • The PFCU board of directors is made up of volunteers who are democratically elected by PFCU members.
  • We have grown from 98 members in 1953 to over 1,850 members in 2019.
  • Savings and capital has increased from $27,000 in 1953 to over $18 million in 2019.