In April 1936, a group of employees who were refused membership in the Texas and New Orleans Credit Union, met in Houston, Texas for the purpose of organizing a credit union that would cover TNO Railroad employees who were denied membership. An application was made to the Farm Credit Administration for a charter to operate a Federal Credit Union. Charter number 1353 was issued to The Southern Pacific General Stores Federal Credit Union, May 1, 1936.
Effective October 1, 2005, SPCO Credit Union merged with Missouri Pacific Houston Federal Credit Union. One advantage that SPCO now offers is membership to all Union Pacific Railroad employees.
SPCO was organized and is still being operated by a group of close-knit members whose needs and wants are fulfilled by the personal attention everyone receives from our interaction assures members that SPCO belongs to them and we are here to serve them as owners.
CREDIT UNION MOTTO:
SPCO was organized with the original CU philosophy of "People Helping People; Sharing A Common Bond ".
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