Gale Credit Union About Us
Gale Credit Union about us

Gale Credit Union History

Home > About Us > Gale Credit Union History

credit union History

Gale Credit Union was chartered in 1947 to serve employees of Gale Products, a division of Outboard Marine Corporation. The credit union served only Gale (OMC) employees and employee families until 1983. In 1983, Gale Credit Union merged with the Knox County, City of Galesburg Credit Union, retaining the Gale Credit Union name. In 1984, the credit union moved from an office inside of the Gale Products plant to 631 North Henderson St, Galesburg. Three more Credit Unions joined Gale Credit Union; KMD Credit Union, Beatrice Credit Union, and Galesburg Register Mail Credit Union. In October 1998 the credit union built our new building at the 631 North Henderson location. In January 2005, Galesburg Postal Credit Union merged with the Gale Credit Union. In 2018, Gale Credit Union membership opened to anyone who lives or works in Knox, Warren, Henderson, Mercer, Henry, or Stark counties, IL.

After several very successful years, Gale Credit Union merged Kemba Peoria Credit Union into Gale on May 1, 2023.  Kemba operates as a Division of Gale Credit Union with branches in Peoria and Pekin, IL.  Gale Credit Union remains as the corporate office.

Gale Credit Union offers our Members complete financial services to meet their savings, lending, service, and electronic financial needs.

Gale Credit Union was established to provide low cost financial services to its Members. As a non-profit organization owned and operated by its Members, we offer much lower interest rates on all types of loans and higher dividend interest rates on savings and checking accounts, along with other savings plans. All accounts are insured by the National Credit Union Administration, a US government agency.

Amazing service is another outstanding feature of Gale Credit Union. You will never feel like just an account number to this Credit Union. Members are always assisted courteously and efficiently. The directors and officers of Gale Credit Union are committed to giving their Members the best personal and financial services possible. You are invited to get in touch with Gale Credit Union for information on becoming a Member and enjoy all the advantages a Credit Union can offer. You will find Gale Credit Union to be a reliable financial institution here to serve you.