The History of First Capital

In order to envision the future, it is first necessary to appreciate the past.

This credit union was originally established as the S. Morgan Smith Credit Union and incorporated under the laws of the Commonwealth of Pennsylvania on December 23, 1954. It became known as the Allis Chalmers Credit Union upon that company’s acquisition of the S. Morgan Smith Company on April 1, 1959. Subsequently, it was renamed the First Capital Credit Union on November 28, 1986, upon the breakup of the Allis Chalmers Corporation. The Credit Union converted to a Federal charter on November 15, 1993, and became known as First Capital Federal Credit Union.

The Credit Union maintained an on-site office at the Allis Chalmers plant on Lincoln Street in York City until 1974, when it became the first credit union in York County to locate its office outside of the sponsor company’s premises. The new location was 2490 Catherine Street in West Manchester Township.

A branch office, another first for a York County credit union, was opened in October 1988 on Kingston Court in East York.

The main office was relocated from Catherine Street to 1720 Loucks Road, near the West Manchester Mall, on March 2, 1991.

The Kingston Road branch was closed in August 1992, and another East York branch was opened in November 1997 at 2105 Industrial Highway.

First Capital’s current East York location is at 161 Kent Road, the former York Tracktown Employees CU office, which was acquired in a merger (August 1999).

A Hanover branch, the first credit union office in that community, was opened in the Hanover Crossings Shopping Center ( Eisenhower Drive) in March 2002 and moved to a permanent facility at 100 Frederick Street in March 2004 and was closed in December 2007.

First Capital moved into its current headquarters, located at 1601 Kenneth Road, in January 2004.

A South York branch office (951 S. Queen Street) was added due to the result of a merger with WellSpan FCU in February 2005.

In October of 2008, First Capital acquired the York Sylvania Employees FCU. 

And in August of 2009, First Capital closed its South York office and reopened in a brand new 'green' branch located at 2602 Course Road, near the intersection of South Queen St. and Leader Heights Road.  The branch is the first privately-funded building in York County targeted for GOLD LEED(R) certification.

The First Capital of today is a result of the following mergers: