Next week, River Valley begins its big 70th anniversary celebration with a huge giveaway. Each business day between October 1 and December 10 River Valley will be giving away various prizes. The grand prize is a cruise vacation for two! How cool is that? You can enter here. In light of our upcoming anniversary, I thought it would be fun to talk about the history of River Valley in honor of their big birthday bash.
Founded in 1948, River Valley was originally named Daymon Employees Federal Credit Union. It was created to serve the employees of Mound Laboratories, nicknamed the Mound, in Miamisburg. Named for a nearby Native American burial mound, the facility was built during WW II and developed the neutron generating triggers for the first plutonium bombs. During the Cold War, the Mound was used for nuclear weapon research. The site closed in 2006.
Daymon Credit Union’s first branch was located inside Mound Laboratories and was only accessible to employees. The credit union began with only three employees and could only handle basic financial needs such as savings accounts, vehicle loans, and personal loans. In 1979, the credit union opened a family branch located at 6 South First Street in Miamisburg. The office was very small but quickly became a success. By adding a branch, Daymon became visible to other business groups who soon began asking if their employees could join. In the early 1980s the credit union’s membership requirements were broadened to let in additional employers. During this time period Daymon began merging with other credit unions. In 1985 they merged with Gardner Credit Union and Moraine Mill Federal Credit Union. In 1987 they merged with Aeronca Credit Union, and in 1991 they merged with Topco Federal Credit Union.
Each merger brought new members and new locations, meaning Daymon had outgrown its original office in downtown Miamisburg. In the mid-80s building began on the current headquarters on Earl Blvd. in Miamisburg. The staff moved in on the Friday after Thanksgiving in 1989. In 1990, the credit union opened the current branch in Middletown.
In 1999, the Daymon Federal Credit Union decided to change its name to River Valley to reflect its growing membership base. In April, a branch in Kettering was opened to serve members in the southern Dayton area. The office was later closed in 2006. In June of 2001, the branch in West Carrollton was opened. In 2002 the Springboro office was opened, followed by the opening of the Beavercreek location in 2007. In 2014, River Valley completed another merger with First Day Federal Credit Union and gained four additional location (two of which were closed).
Today, River Valley has six branches as well as a Lending Center and has approximately 90 employees with close to 26,000 members. Anyone who lives, works or worships in Montgomery, Greene, Butler, Warren, Preble, Clark or Miami County is eligible for membership. River Valley has spent the last 70 years serving its communities with pride. I can’t wait to see what the next 70 years will bring!