Traverse Catholic Federal Credit Union begins in 1950, when a group of employees at Parts Manufacturing Company in Traverse City, received a federal charter to form a credit union for their company. One employee, Lawrence Weber, and his wife, Ann, willingly took on the large responsibility of running the credit union out of their own home, receiving no compensation and working on their own time to keep the credit union running. In 1955, the manufacturing company became Mills Manufacturing Company and in turn, the credit union changed its name. foundersMills, however, was closed down in 1956, leaving the credit union without a home but full of members who desired to keep it alive. Lawrence and Ann, determined to find a home for their credit union, approached the Reverend Joseph Kohler of St. Francis Catholic Church about an affiliation to become a Catholic credit union. As the parishioners of St. Francis had been asking to form a credit union for their parish, the Weber’s timing could not have been better! Fr. Kohler agreed and received approval, allowing the credit union to open its doors under a new name on April 7, 1957 as East Traverse Catholic Federal Credit Union (ETCFCU).