About

Laramie Plains Community Federal Credit Union (LPCFCU) serves all residents of Albany County and Carbon County in Wyoming and Jackson County in Colorado with a wide array of financial services. A credit union is a financial cooperative that is owned by its members. At LPCFCU, our members are the purpose of our work. Our Board of Directors are volunteers, elected by our members at our annual meeting.

Organized in 1935 as Laramie Railroad Employees Federal Credit Union, membership was limited to the railroad employees of the Union Pacific Railroad located in the City of Laramie, Wyoming, and members of their immediate families. Membership continued to expand throughout the years until 1986 when the name was changed to Laramie Plains Federal Credit Union. In 1998, the credit union became Laramie Plains Community Federal Credit Union and membership was opened to any resident of Albany County, Wyoming. In 2003, the field of membership was expanded, to include Carbon County, and Jackson County, Colorado. (See Membership section for a complete description of qualifications for membership).

Credit unions throughout the country are not-for-profit, co-operative, financial institutions established to provide their members with a variety of financial services. Each member is an owner of the credit union and has one vote at the annual meeting when elections are held for the Board of Directors. All the members of the Board of Directors and the Supervisory Committee are volunteers, unlike those of banks who are stockholders.

The credit union movement originally started in Europe and spread to the United States in 1934, to provide the common person with financial services which were unavailable to them anywhere else.