On December 2, 1950, seven members submitted an organization certificate to form "Clark County Teachers Federal Credit Union." On January 2, 1951 approval was received and the Credit Union was in business. Each of the seven members invested $5.00, bringing the total assets to $35.00.
The initial Board of Directors consisted of Jay Jeffers, President; Doris French, Vice President; Harold McKay, Treasurer; Gordon Flack, Clerk; and Milder Heyer, Director. The books and records of the credit union were said to be kept at Box 551, Las Vegas High School, 315 South 7th Street, Las Vegas, NV.
The person who is generally considered the founder of our credit union is Harold McKay.
Harold McKay hailed from Kansas and became a Clark County teacher in the 1940's. He taught business education at Las Vegas High School and also at Rancho. Harold can be described as an organizer and a doer. Every initiative he undertook automatically received a full measure of his own time and effort. Harold provided the impetus to get the Credit Union organized. He served on the Board as Treasurer, and also as the non-paid manager of the fledgling Credit Union. In fact, the briefcase on display at the main office at 4221 McLeod Drive was the portable credit union office from 1951 to 1956. Members could access the Credit Union anytime just by locating Harold and his briefcase. It can be said that Harold never lost interest in the Credit Union he founded in 1951. Until his death, he was a regular attendee at all annual meetings. He lived the idea of credit unions: "Once a member always a member."
What this small group of visionaries, especially Harold McKay, endeavored to do in 1951 is still in practice today; as the Credit Union continues to strive to deliver "Excellent Member Service" to its members.