 Naftovyk Kremenchuk was sponsored by the Kremenchuk Oil Refinery, while SC KrAZ Kremenchuk was a sports club of the Ukrainian truck builder AutoKrAZ.The new club under the name Kremin has won the Soviet amateur football competition in 1988 and the next year entered the Soviet Second League competitions.From 1992–97, Kremin has played in the Ukrainian Premier League after being initially chosen to participate for being one of the top 9 (of 11) Ukrainian teams from the West Zone of the Soviet Second League in 1991.