History

On October 8, 1945, Fr. Francis Druehe, OFM, Pastor of St, Mary's Catholic Church, Metamora, IL, started the Credit Union to help members of the parish borrow money at low interest rates. Seven members signed the original Charter and by-laws. During the first financial reporting period, 35 individuals became members of the Credit Union. The share balance at the end of the first reporting period was $961.00.

Today

At the 60th Annual Meeting held on January 25, 2007, it was reported that the Credit Union had 803 members with total assets of $2,849,861. The Credit Union had outstanding loans to members at the end of calendar year 2006 of $1,879,053. The Credit Union paid an average dividend of 2.00% on share accounts for the 2006 calendar year.

The credit union is chartered and regulated by the Illinois Department of Financial Institutions.

Mission and Purpose

The credit union's objective is to provide its members with share accounts and loan services at a fair and favorable rate in a friendly, courteous atmosphere.