The first meeting of the Lima Public School Employees Federal Credit Union was held at 3:45 p.m. on February 19, 1963 at Lima Senior High. The following members were elected on the Board of Directors.
Donald H. Miller - President
Leelan Rehn - Vice President
Walter H. Martin - Treasurer
Alice Boyer - Secretary
Eleanor French
Harry Gross
Edith Moyer
Roderick Ross
Lynn Whitney
As of December 31, 1963 the credit union's assets were
$4,483.73, and total members 142.
On June 20, 1967, Lima Public Employees Federal Credit Union changed their name to Limalco Schools Federal Credit Union. Limalco stands for Lima and Allen County.
