A Time on Top
During the 1970s, the credit union continued to grow and became the largest credit union in thePermian Basin. The financial picture of Odessa 66 CU was incredibly strong and was asked to loan money to several local credit unions to assist them in their efforts at growth. Assets movedto over 9MM during this time. Mr. Ed Rowland continued in the Treasurer (CEO) role and was instrumental in creating a legacy of success.
In 1978, the credit union purchased their first piece of property at 4015 Penbrook Ave and built a 6,000 square foot building. This was right next to the new Phillip Petroleum Building and easily accessible to members. The credit union property was so big that it leased much of the space back to Phillips until it was needed.
The last five years have brought about tremendous change in Southwest 66 Credit Union, and has placed the credit union in a better position than ever before. 2012 was a record year for the credit union financially, hitting the highest net income mark in it’s history. This was surpassed again in 2013 and 2014, with $85 million in assets today. Southwest 66 Credit Union was recognized by the Credit Union National Association (CUNA) as the 2014 Community Credit Union of the Year for its exemplary principles and service. All of this is happening as the credit union looks forward to celebrating it’s 66th anniversary in 2015.
Through the hard work of the Board of Directors, and the staff’s incredible level of dedication, the future of the credit union is brighter than ever. With a recent awarding of the prestigious Juntos Avanzamos (“Together We Advance”, certifying a credit union’s commitment to the Hispanic Community) designation, a whole new market will be served by the credit union. Our message remains, “How can we change your life today? In 2015, we will offer you “66 Reasons” as we celebrate 66 years of serving the Permian Basin.