“In the beginning. . .“

From the St. Anne’s Credit Union website

Founded in 1936 and headquartered in Fall River, MA, St. Anne’s Credit Union has been providing financial products and services to SouthCoast communities for over 80 years.

St. Anne’s Credit Union was established in the midst of a depression, by a young man named William J. Cyr who saw the possibilities – people helping each other regain their financial health. With the assistance of a group of friends, Cyr began collecting 25 cents from several people after church each Sunday to accumulate enough funds to qualify for a federal charter. With assets totaling $1016, St. Anne’s became a fully sanctioned federal credit union in 1936. Realizing the positive impact this had on the community, Cyr went on to found 36 more credit unions throughout New England. [emphasis added]

 The further you look back, the longer you can look ahead.

Leave a Reply

Your email address will not be published.