Business View Magazine | December 2020

195 BUSINESS VIEW MAGAZINE DECEMBER 2020 MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION High Touch, High Tech T he Merced School Employees Federal Credit Union (MSEFCU) was first chartered in 1954, with a total of 35 dollars invested by seven teachers in Merced County, California. Founded with the mission to provide the education workers of Merced with low interest rate loans and higher returns on their savings, the credit union quickly established itself as a cornerstone of the Merced County community. “We have all products and services of the typical institutions,” says President and CEO Nancy Deavours. “Originally membership started out with school employees and their relatives, and then expanded and took in high school Juniors