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At Diamond Credit Union, we’re more than just another financial institution – we’re a community. With a focus on superior member service and premium financial products, we strive to help our members throughout Berks, Montgomery, Chester and Bucks Counties succeed. Whether it’s through competitive rates, personalized advice, or simply lending a helping hand, we put your needs first. We truly appreciate the trust you place in us and are committed to being there for you, now and in the future. That’s YOUnity!
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Built on A Solid Foundation.
Diamond Credit Union is a Pennsylvania state-chartered and federally insured credit union serving Berks, Montgomery, Chester, and Bucks Counties. Since 1947, we have offered low-cost financial services with world class member service. As a not-for-profit financial cooperative, we are owned and operated by our members and are one of the area’s largest member-owned credit unions. Discover our history below.
2024
Diamond opens the Cumru location, the organization’s eighth branch and celebrates with a ribbon cutting ceremony in April.
Diamond reaches new heights with assets over $1 billion.
2023
Diamond launches Business Services division to offer more services for business members.
Diamond breaks ground for the organization’s eighth free-standing branch in Cumru Township.
2022 – Diamond’s 75th Anniversary
Diamond Credit Union President and CEO, John M. Faust, retired after 37 years of service.
2021
Diamond expands its charter to be able to serve all of Berks, Montgomery, Chester, and Bucks Counties.
Diamond reaches “the Next Level” with assets over $900 million.
2020
Diamond reaches “the Next Level” with assets over $800 million.
Diamond opens a new branch for employees at Tower Health Reading Hospital. This was the third consecutive year the ribbon was cut to celebrate a new location.
Diamond achieves a new milestone with growth in assets reaching $700 million.
2019
Diamond builds their 6th free-standing branch in Muhlenberg Township. This marks the first time in Diamond history that 2 free-standing branches have been constructed in consecutive years.
2018
Diamond’s 5th free-standing branch (and 6th branch overall) opens in Royersford, PA.
Diamond reaches “the Next Level” with assets over $600 million.
2017 – Diamond’s 70th Anniversary
As construction in Royersford got underway, Diamond secured a location for a 6th freestanding branch in Muhlenberg Township, scheduled to open in 2019.
As assets grew to over $576 million and membership exceeded 60,000, ground was broken and construction began on Diamond’s 5th free-standing branch in Royersford, Montgomery County.
2016
Taking Diamond to the Next Level. Assets reached $500 million in February and membership continues to surpass 54,000 members.
2015
Diamond is named Business/Enterprise of the Year by the Tri-County Chamber of Commerce.
2014
Diamond achieves over $450 million in assets and reaches over 50,000 members.
Diamond ranks as the 13th Healthiest Credit Union in the U.S. and the #1 credit union in Pennsylvania for financial health.
To support the strong member base and potential growth in the Boyertown area, Diamond opens their fourth freestanding branch in Gilbertsville, PA.
2013
Diamond’s steady growth continues, reaching over $400 million in assets and more than 45,000 members.
2012
Diamond opens their third freestanding branch in Exeter Township, Berks County.
2011
Construction begins on Diamond’s third freestanding branch in Exeter Township, Berks County.
2010
As a result of their efforts in 2010, Diamond contributed over $58,000 to the American Cancer Society Relay For Life for a total five-year commitment of over a quarter million dollars.
2009
Diamond Credit Union Board Chairman, Herbert N. Yost retired after 26 years of service and also received the Pennsylvania Credit Union Association’s 2009 Joseph A. Moore Volunteer of the Year Lifetime Achievement Award.
2008
Diamond continued to grow and exceeded $300 million in Assets with over 37,000 members.
2007
Diamond celebrates 60 years of service within the community.
2006
Diamond Credit Union was granted a change in charter from serving only Select Employer Groups to serving anyone who lives, works, worships, regularly conducts business, or attends school in Berks County and the Tri-County Region.
2004
In Spring Township, Berks County, Diamond constructed its second freestanding branch to serve the financial needs of members who reside and work in the Reading area.
1998
Diamond began a massive expansion and renovation project that saw its main office at 1600 Medical Drive, Pottstown, grow to 23,400 sq. ft.
1997
Diamond Federal Credit Union shortened its name to present-day Diamond Credit Union to reflect a conversion to a state charter.
1996
In March of 1996, Diamond began its affiliation with the largest employer in the region, The Reading Hospital and Medical Center.
1990
Dana Pottstown Federal Credit Union changed its name to Diamond Federal Credit Union to reflect the ability to serve multiple businesses.
1986
Dana Pottstown Federal Credit Union moved its headquarters from the Dana facility to 1600 Medical Drive, Pottstown.
1983
The national charter for federal credit unions was changed to allow credit unions to serve the financial needs of multiple businesses. For the first time in its history, Dana Pottstown FCU began to serve the financial need of employees other than its original sponsor group, Dana Corporation.
1963
Dana FCU reached $1 million in assets, making it the first million-dollar credit union in the Schuylkill Valley.
1950
Spicer Pottstown Federal Credit Union hired its first full-time employee. Spicer Manufacturing Company would later become Dana Corporation, which prompted the credit union to, in turn, change its name to Dana Federal Credit Union.
July 19, 1947
Diamond Credit Union was founded as Spicer Pottstown Federal Credit Union to serve the employees of Spicer Manufacturing Company. There were 8 original charter members.
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