about us: Our Timeline of History

Communities of Abilene Federal Credit Union - better BANKING begins with MEMBERSHIP!

Present Time

In 2005, we changed our name to Communities of Abilene Federal Credit Union from Dyess Federal Credit Union, to better reflect the credit union family we've become. We continue to look for and implement ways to better serve our members and to offer everyone an opportunity to belong to a credit union.

We are a non-profit financial cooperative designed to promote savings and provide credit at a reasonable cost to its members. We are a full-service financial institution offering the same or better products and services as most large banks. We are committed to helping you, our member/owners, achieve financial success.

2003

Dyess Federal Credit Union requested a charter change to continue our credit union's grow. On August 23, 2003 we became a community credit union which expanded our membership opportunities to Taylor and nine surrounding counties.

1980's

By the mid 1980's Dyess Federal Credit Union had grown as much as we could with having just a single sponsor. We requested a charter change so we could offer membership opportunities to area businesses that had a common bond with the military. This became known as a multi-bond charter and over 20 some years we were able to grow our membership to 103 different Selected Employee Groups that comprised our membership base.

1957

The air force base was renamed Dyess Air Force Base to honor Colonel Edwin Dyess. At this time, we changed our name to Dyess Federal Credit Union.

1955

Originally named Abilene Air Force Base Federal Credit Union, Communities of Abilene Federal Credit Union was chartered on December 7, 1955 as a single sponsor credit union for the armed services personnel stationed at Abilene Air Force Base.

We had seven founding members and assets of $41.50 by year end.