The Lutheran Federal Credit Union has been on the mind of many for the past 15 years. A lot of brainstorming by various boards and senior management at the Lutheran Church Extension Fund (LCEF) went into place to make it a reality. Focus groups were conducted, as well as collecting surveys completed by LCMS members in all 50 states. We knew there was a need and a want and we started getting the ball rolling. In the summer of 2013, a formal application for a charter went to the National Credit Union Administration (NCUA) and in December of 2014, the Lutheran Federal Credit Union got its charter approval. After a quiet launch in May 2015, we opened for all eligible members in January 2016.