USU Credit Union was founded in the halls of Utah State University in Logan, Utah in 1957 by economic professors Vernon Israelson and Evan Murray.

Originally chartered with ten members, the Credit Union was created to provide banking services for Utah State University employees and their families. In the early years, deposits and transactions literally moved from room to room and from drawer to drawer as the professors, who doubled as loan officers and accountants, worked to keep overhead costs low.

With the intent of providing members with a more robust portfolio of products and services, along with a statewide branch network, USU Credit Union strategically merged with Goldenwest Credit Union on October 1, 2013. USU Credit Union retains its name and USU-affiliated brand as a Division of Goldenwest Credit Union.