Seven Seventeen Credit Union is a progressive financial institution in Ohio offering credit union membership to those who live or work in Trumbull, Mahoning, Columbiana, Portage, Summit and central Stark counties. With eleven branches, Seven Seventeen is able to provide banking services to more than 74,000 members in the greater Youngstown, Warren, Kent, Ravenna and Canton areas. Seven Seventeen is a local, community-minded credit union democratically controlled by its members. While banks are often bought out by other banks and change names, Seven Seventeen Credit Union continues to grow deep roots in the communities it serves.
It is unlikely this degree of growth could be fathomed when Seven Seventeen was founded as a financial cooperative in 1957. At that time, Seven Seventeen’s humble yet promising purpose was to provide hourly employees at Packard Electric with an opportunity to promote thrift and borrow money at reasonable rates. With the intention of supporting community development, the growth that did ultimately occur was based on that initial founding principle of "people helping people."
With the passage of time, Seven Seventeen’s technology has advanced, new delivery channels have developed, and the breadth of financial products and services has widened - and yet, the focus of employees and leadership within this financial institution is the same today as it was in 1957. The sole motivation of the organization was - and is - to proactively and innovatively meet the financial needs of members in a manner that exceeds their expectations.
To ensure long-term survival of the financial cooperative, Seven Seventeen's leadership has made some key decisions over the years such as expanding membership to the salaried employees of Packard, then to the employees of other businesses, and ultimately to the wider communities we serve. This means anyone who lives, works, worships or attends school in Trumbull, Mahoning, Columbiana, Portage, Summit or central Stark Counties can now open accounts with Seven Seventeen Credit Union.
This diversification has provided the growth and economies of scale necessary to offer a diverse menu of loan and deposit products. These products include home loans, new car loans, used car loans, business loans, commercial loans, free checking accounts and business checking accounts among others. In addition, new and enhanced services such as telephone banking, online banking and mobile banking meet the financial needs of members. And, due to these changes, Seven Seventeen has not only survived, but thrived.
After more than 50 years of serving members, Seven Seventeen Credit Union is well positioned to serve current and future generations for decades to come. Whether you have been a member for five decades or five days, thank you for giving us the opportunity to serve you.