Company Info

History of SharePlus Federal Bank

SharePlus Federal Bank became a mutual savings bank on October 1, 2004, after growing as a credit union for nearly 50 years. Before becoming a mutual savings bank, SharePlus Federal served the employees and family members of Frito-Lay, Inc., YUM! Brands, Inc., A&W Restaurants, Inc., KFC Corporation, Long John Silvers, Inc., Pizza Hut, Inc., Taco Bell Corp., and various PepsiCo Divisions, as well as dozens of companies who provided credit union benefits to their employees.

SharePlus organized in August 1958, in Dallas, Texas, under the name Frito Employees Federal Credit Union. In June 1978, Frito Employees Federal Credit Union merged with Frito Midwest Credit Union. At this point, the Credit Union had grown to $10,500,426 in assets and had over 10,000 members.

By 1985, the Credit Union had grown to over 14,000 members and $23 million in assets. In 1986, Frito Employees Federal Credit Union merged with Lays Employees Savings and Loan to form Frito-Lay Federal Credit Union.

The 90's brought scope expansions to various PepsiCo divisions including Pepsi Cola South, PFS, KFC, Pizza Hut, Inc., Tricon (now YUM! Brands, Inc.), and Taco Bell Corp With this expansion came the need for a name with broader appeal. In October 1993, with membership exceeding 20,000 and assets of $71 million, the official name changed to SharePlus Federal Credit Union.

2003 brought many exciting changes for SharePlus. In January, SharePlus made the move to the new Headquarters building in Plano, Texas. That summer, SharePlus opened a new branch at the PepsiCo Parkwood facility in north Plano.

In 2007, SharePlus moved the Mockingbird branch to a new, state-of-the-art facility in uptown Dallas at Maple and Oak Lawn. The new branch offers drive up lanes with one being dedicated to commercial customers, as well as a drive up ATM, safe deposit boxes, and a night depository. That same year, SharePlus opened a new division for investors: SharePlus Financial Services.

We appreciate the opportunity to be your bank. For additional information on banking with SharePlus please contact our Customer Service Center at 1-800-352-8257 or (972) 931-5311.