In 1951, a group of employees from the Chrysler Corporation's parts division obtained permission to start a credit union for their employees. With Chrysler's sponsorship, they sought federal approval to start Mo-Par Federal Credit Union. The first month total income of $1.18 was earned in the credit union's first "office," located at the desk of one of the founding members. In May 1961, the credit union changed its name to Motor Parts Federal Credit Union (MPFCU), and the Chrysler Center Line, Mich. plant employees and their families were added to its field of membership. Shortly after, a permanent branch was built on Bernice in Center Line, followed by a branch in Perrysburg, Ohio.