Our mission: To be our members' trusted financial partner providing tailored solutions to support them throughout their life events.
Get to know Cobalt Credit Union
Board of Directors | Supervisory Committee | Management Team
Board of Directors | Supervisory Committee | Management Team
Cobalt Credit Union traces its roots to November 1946, when 12 individuals submitted a request to the Federal Deposit Insurance Corporation to form SAC Federal Credit Union. The first location of SAC Federal Credit Union was Andrews Field, Maryland. In August 2018, the credit union changed its name to Cobalt Credit Union. The following are a few of the credit union's many milestones:
SAC Federal Credit Union was founded at Andrews Field, Maryland in support of SAC (Strategic Air Command)
Along with Strategic Air Command, the credit union moved offices to Offutt Air Force Base, Nebraska
The credit union joined the Credit Union National Association (CUNA) and Nebraska Credit Union League (NCUL) In 1970, Congress created the National Credit Union Administration (NCUA) to charter and supervise federal credit unions
The credit union moved to Building 513 on Offutt Air Force Base
Headquarters moved from Offutt Air Force Base to Highway 370 and 36th Street in Bellevue, Nebraska
During the early 1980s, the credit union expanded to over 50 employees and added many new products and services including debit and credit cards, ATMs, and first mortgage loans
The credit union assets reached more than $100 million
The credit union converted to community field of membership
The credit union introduced CU@Home, which provided members online access to their accounts
The CU increased its community charter to include all of Cass, Douglas, Pottawattamie and Sarpy Counties and reached $200 million in assets
CU opens 10th branch location and introduced business loans and services
This year the credit union expanded its charter to include Washington and Saunders counties in Nebraska and Mills and Harrison counties in Iowa and reached $500 million in assets
By this time, the credit union employed more than 200 people. Corporate headquarters moved to new, state of the art building on Highway 370 and 72nd Street in Papillion, Nebraska
The credit union opened its first Interactive Teller Machine (ITM) and established its charitable arm, SAC Foundation
SAC Federal Credit Union changed its name to Cobalt Credit Union and reached $1 billion in assets
Cobalt was the first credit union in the local area to introduce new Video Banking technology
The credit union celebrated its 75th anniversary
Federally Insured by NCUA. Equal Housing Lender.
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