Ford L'Anse Employees Federal Credit Union started in the living room of Graydon R. and Marcelline Newland on February 29, 1952. The charter was applied for by members of the United Auto Workers Local 958. Charter members included: William A. Haanpaa, Eugene J. Racette, Alf A. Jentoft, George P. Williams, Graydon R. Newland, John F. Oleskie, and Leo Harrington. At that time the membership was limited to those having a common bond of association, occupation, or residence of L'Anse, with having to be within a 10 mile radius of the Post Office. On November 20, 1964 the charter was amended to include "persons living or working in Baraga County and organizations of such persons". At which time the name was changed to L'Anse-Baraga Community Federal Credit Union.