Financial One Credit Union
During The Great Depression in 1933, Financial One Credit Union opened its doors in Columbia Heights. Nearly 60 years later in 1992, a second office opened in Coon Rapids, where its headquarters remains today. A third branch is located in Blaine.
Now with 8,000 members, the Coon Rapids Financial One Credit Union branch is the largest of the three branches, and is a member-owned and controlled financial cooperative dedicated to improving the financial well-being of its members.
“We aim to provide great value. That’s what we hang our hat on. Value, service and giving back to the community,” says Ross Bloomquist, President and CEO of Financial One.
Financial One also prides itself on its partnership with the Disabled American Veterans of Minnesota, an organization who they have worked with for the past five years, and are at the cornerstone of a new program recently implemented by the Financial One Board of Directors.
“We have a new program called the 3 Essentials that we just rolled out. We’ve made a commitment to give back to the communities we serve. For every auto loan we do, we are giving 100 pounds of food to a local food shelf. For every home equity or home loan, we will provide one night of housing and for every checking line of credit, a coat or an item of clothing will be given to a veteran,” says Bloomquist.
The Financial One Coon Rapids Branch just completed a major renovation at its location on Robinson Drive. The company now has its sights set on opening a fourth location in Fridley as Financial One continues to grow at five times the rate of a typical credit union in the United States. Financial One serves residents and businesses in Anoka County, Northeast Minneapolis and the city of Champlin.
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