The Gogebic County Federal Credit Union celebrated its 56th anniversary on March 2, 2008. Its existence began March 2, 1952 then known as Pickands Mather Employees Federal Credit Union for the employees of the then Pickands Mather mines. Geneva Mine later became another Pickands Mather mine and on November 4, 1957 the bylaws were amended to include the employees of all the Pickands Mather mines in Wakefield, Bessemer, Ironwood, and Hurley and their immediate families. On March 3, 1964, the name was changed from Pickands Mather Federal Credit Union to the Bessemer Community Federal Credit Union for persons who work or live in Bessemer or Bessemer Township and their families and members on record from Pickands Mather Employees Federal Credit Union. Email id based on pattern