MANCHESTER, N.H. – The nation’s first and oldest credit union has marked another milestone birthday. St. Mary's Bank has turned 115.
As the credit union noted, on Nov. 24, 1908, St. Mary's Bank was established as "La Caisse Populaire, Ste-Marie" (The People's Bank) in Manchester, N.H., to assist Franco-American mill workers with saving and borrowing money.
“This landmark anniversary symbolizes St. Mary's Bank's longstanding commitment to serving its community with innovative financial products and services,” St. Mary’s Bank stated. “The credit union has been a steadfast proponent of community development and financial inclusivity, continually adapting to meet the evolving needs of its members.”
The credit union initially operated from a rent-free room in the home of its first president, Joseph Boivin, an all-volunteer staff conducted transactions during evening hours. The home is now America’s Credit Union Museum where the original CU office has been restored.
Honoring the History
“Over a century later, St. Mary's Bank continues to honor its storied history while maintaining its core values of trust, integrity, and service,” the credit union continued. “In 2023, St. Mary's Bank has grown from a small credit union in Manchester to a significant financial institution with 11 branches and a wide array of services. This growth underscores its enduring commitment to its founding principles and its members.”
The $1.48-billion St. Mary’s Bank has more than 93,000 members.
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