Business View Magazine | November 2020

104 BUSINESS VIEW MAGAZINE NOVEMBER 2020 AT A GLANCE MERCK SHARP & DOHME FEDERAL CREDIT UNION WHAT: A federally-chartered credit union WHERE: West Point, Pennsylvania WEBSITE: www.msdfcu.org T he Merck Sharp & Dohme Federal Credit Union (MSDFCU), based in Chalfont Pennsylvania, was established in 1950 as The Drug Workers Federal Credit Union to serve the employees of Sharp & Dohme, the Philadelphia-based, biopharmaceutical company. In 1954, its name was changed to Sharp & Dohme Federal Credit Union; and in 1956, the name was changed again to Merck Sharp & Dohme Federal Credit Union to reflect Sharp & Dohme’s merger with Merck & Co. In 1963, MSDFCU moved from its Philadelphia location to Merck’s new West Point facility. “We started working out of a closet in one of the offices at Merck, having collectors go around collecting shares,” recounts current CEO, David Whitehead. “They had a rather large DOHME Federal Credit Union 70 years young