517:. The building serves as a historical and educational site for the credit union movement. The public can visit the original office and imagine being there when the first deposits were made. The building was donated by owners Armand and Joanne Lemire to a non-profit foundation in 1994. Mr. Lemire served on the Board of Directors at St. Mary's Bank from 1994 until his death in 2003. America's Credit Union Museum is located at 418-420 Notre Dame Avenue, Manchester, New Hampshire.
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charter to incorporate under the name of St. Mary's
Cooperative Credit Association. Transactions were conducted at the home of Joseph Boivin, the credit union's first president, on Notre Dame Avenue. An all-volunteer staff assisted with daily activities. The safe was a used metal box purchased from Manchester's French daily newspaper,
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St. Mary's Bank made it possible for
Manchester's immigrants to achieve the better quality of life they had envisioned. For just $ 5, the price of one share of capital stock, anyone in the community could become a member. Savings were accepted from workers, families, and children. The accumulated
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mill workers save and borrow money. On
November 24, 1908, the business officially opened its doors in Manchester as "La Caisse Populaire, Ste-Marie" (The People’s Bank) and became the first credit union in the nation. In April 1909, the New Hampshire Senate and House of Representatives approved a
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St. Mary's Bank prospered. The credit union moved into its own offices in 1913 and hired its first paid, full-time manager in 1916. In 1917, the state legislature approved a bill changing the name from "St. Mary's
Cooperative Credit Association" to "La Caisse Populaire, Ste-Marie". By 1923, the
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and a wider variety of loans became available. By the mid 1950s, St. Mary's was serving several thousand members and had $ 6 million in assets. In 1970, St. Mary's Bank built and moved into its present main office at McGregor Street in
Manchester.
357:, it is one of the few credit unions that allow membership throughout the entire United States, with valid residence. To become a member of St. Mary's Bank, one must purchase a single share of the credit union's capital stock, which costs $ 5.
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In 2008, St. Mary's Bank celebrated 100 years of service to the people of New
Hampshire. Today, the credit union is a full-service financial institution serving a diverse population. It is as welcoming to new immigrants today as it was to the
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population at the turn of the last century. It costs no more to belong to St. Mary's Bank now than it did in 1908. For just $ 5, anyone can become a member, by purchasing one share of capital stock.
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In 1908, Monseigneur Pierre Hevey, pastor of Sainte-Marie's parish in
Manchester, organized what was soon to be known as the first credit union. The goal was to help the primarily
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credit union's assets exceeded $ 1 million. In 1925, an amended charter allowed the institution to be called either "La Caisse
Populaire, Ste-Marie", or "St. Mary's Bank".
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The credit union offers personal banking, business banking, savings, checking, investment, mortgages, home equity, auto loans, online banking, and debit and credit cards.
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closed all banks nationwide. St. Mary's Bank also survived the economic disruptions of the early 1990s, which saw the failure of many familiar
Manchester banks.
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savings were, in turn, lent to members to purchase and build homes, establish neighborhood businesses, and meet the personal financial needs of the community.
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in 1935. When thousands of banks failed during the Great
Depression, St. Mary's Bank remained open, even during the "Bank Holiday" of 1933, when
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In 1930, St. Mary's Bank moved into "The Marble Building", a landmark in the center of what was then the commercial heart of Manchester's
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Credit unions are not-for-profit, cooperative financial institutions owned by each member. While St. Mary's service area is primarily
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As of 2023, St. Mary's Bank has 11 branches, all in New Hampshire: five in Manchester, two in
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Over the years, St. Mary's Bank has helped members through difficult times, including the
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The building where Attorney Boivin first managed the business of the credit union became
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743:"St. Mary's Bank names Ronald Covey as President & CEO, 2008"
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646:"St. Mary's Bank Holds its 115th Annual Shareholder's Meeting"
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341:. Founded in 1908, it is the first credit union in the
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848:Companies based in Manchester, New Hampshire
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767:"Exterior Photo of the McGregor Location"
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109:Learn how and when to remove this message
570:"Branch & ATM Locations & Hours"
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730:106th Annual Shareholders Meeting, 2015
712:107th Annual Shareholders Meeting, 2016
694:117th Annual Shareholders Meeting, 2020
603:"St. Mary's September 2021 Call Report"
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838:Credit unions based in New Hampshire
515:National Register of Historic Places
47:adding citations to reliable sources
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624:"Ken Senus Named President and CEO"
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16:First United States credit union
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34:needs additional citations for
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218:Ken Senus, President and CEO
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490:and the bankruptcy of the
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843:Banks established in 1908
668:"St. Mary's Bank Website"
549:"St. Mary's Bank History"
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527:History of credit unions
142:Non-profit organization
179:Monsignor Pierre Hevey
814:42.99306°N 71.47361°W
187:200 McGregor Street,
361:Finance and services
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819:42.99306; -71.47361
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496:President Roosevelt
302:Number of employees
296:94,044 (2024)
204:Number of locations
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755:"Branch Locations"
732:. St. Mary's Bank.
714:. St. Mary's Bank.
696:. St. Mary's Bank.
480:safe deposit boxes
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769:. St. Mary's Bank
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648:. St. Mary's Bank
626:. January 3, 2023
572:. St. Mary's Bank
461:L'Avenir National
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393:$ 1.53 billion
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32:This article
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771:. Retrieved
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388:2008 assets
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331:credit union
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275:Total assets
243:credit cards
184:Headquarters
162:Credit union
138:Company type
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99:January 2017
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41:Please help
36:verification
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817: /
773:January 26,
674:January 14,
630:January 23,
554:January 14,
429:Londonderry
385:2014 assets
382:2015 assets
379:2017 assets
376:2019 assets
373:2024 assets
316:stmarysbank
832:Categories
805:71°28′25″W
802:42°59′35″N
533:References
437:Portsmouth
349:Membership
335:Manchester
263:Net income
214:Key people
69:newspapers
652:April 27,
576:April 27,
476:West Side
333:based in
239:mortgages
521:See also
415:Services
231:checking
223:Products
148:Industry
450:History
441:Concord
433:Milford
311:Website
293:Members
227:Savings
176:Founder
168:Founded
83:scholar
425:Hudson
421:Nashua
366:Assets
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329:is a
285:Owner
171:1908
158:Genre
90:JSTOR
76:books
775:2023
676:2018
654:2024
632:2023
610:2021
578:2024
556:2018
435:and
318:.com
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62:news
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