Dain Employees Federal Credit Union
Community 1st Credit Union was established and officially started operation on June 23, 1936 in Ottumwa, IA as Dain Employees Federal Credit Union, when a group of Dain Manufacturing employees dropped their plant savings plan and came together to organize their own credit union. Services were granted to Dain Employees and their immediate families. Products were limited to savings accounts and loans. Those 12 individuals include: E.C. Moss, F.E. McClellen, T. Toms, W.V. Wonderly, H.C. Roths, C.O. Tollman, John Drenner, Jack Shipley Jr., Ed West, Albert Bowers, Ed Jennings, and Carl Edmund.