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Omaha based credit union is all in the family

Posted at 5:23 PM, Jul 18, 2017
and last updated 2017-07-18 19:19:24-04

A family run credit union is the only one of its kind in Nebraska and the country.

It's the annual softball game at the Williams family reunion. They come from all over — Illinois, Arizona, Oregon, Colorado, Kansas. The reunion lasts four days every two years. This year is 170 strong: cousins, aunts, uncles, grandparents, and in-laws.

Aside from a couple of extras in the outfield at the annual softball game, it makes for a lot of lineage. One thing that keeps this big family going strong is what some would consider a foul.

You know that adage about never lending friends or family money? The Williams clan cashed in on the opposite. As a matter of fact, the family is part of Our Family Social Credit Union.

The family business traces back to the 11 children of Lucy and Manley Williams.

"In 1950, I think it was, the siblings got together and to pull their money and help those who need it," Art Peters, a third-generation family member said.

For a $5 deposit, plus a 25-cent handling fee, you become a member of our family social credit union — IF you are a direct descendant of Manley and Lucy Williams, or are married to one.

When you need money, you give aunt Sue a call.

"They say, 'Hey, I need a loan for a car, I need a loan for a vacation,' " Sue Cain says.

Cain married into the family; so did Trisha Nola.

"I don't even keep track, or get to spend time with my own cousins," she said. "So to be three to five generations away and still talking and having such a good time, and actually, really knowing each other — it's great!"

Before the softball and picnic, and other family reunion activities, the family reunion always kicks off with a credit union shareholders meeting. And in case you're wondering, they haven't had anyone miss a payment in two years.

"It's still love. It's love that keeps it together," Peters said.