Rockford, IL (March 4, 2025) |
Commemorating eighty years of service to our community, the Generations Credit Union Board of Directors recently voted unanimously to declare a Loyalty Dividend of up to $80,000 to be distributed to shareholders on February 28, 2025. Founded in 1944 by twelve employees of Elco Screw Company who met in room 250 of the Nelson Hotel in downtown Rockford and organized this not-for-profit financial cooperative, Generations Credit Union (GCU) is one of only a hand full of credit unions in this area that remains truly local and firmly rooted in our Rockford community. The credit union’s mission today differs very little from our origins in 1944. That mission is simply this: to help members achieve financial success. Our commitment to financial empowerment means providing resources, education, and personalized support to uplift individuals and families.
“GCU invests in the lives of our members by keeping locally earned dollars actively at work in our local community” said Karen Jurasek, CEO of Generations Credit Union. “GCU is a place where we know your face and you know ours. We offer a vast array of financial services and dynamic technologies that include all the bells and whistles of a big city bank nestled in the friendly, small-town atmosphere of a credit union. We are not Wall Street. We are Main Street, USA.”
Generations has an innovative approach to financial empowerment and fosters dynamic interpersonal experiences, tempered with tried-and-true practices and partnerships that extend collaboratively into our community. The Credit Union’s mission is driven by the belief that addressing the financial challenges of people requires inclusion of diverse and broad perspectives, critical thinking, creativity and solutions that work for families through various economic environments. GCU remains truly local, firmly rooted in our community and committed to our members.