Credit Union

Vernon Maxfield replaced John Broderick as manager in September 1972. Vernon served as manager from that time until March 1989, and saw the Credit Union increase in assets from $1,000,000.00 to $16,000,000.00. During that time the credit union building was renovated several times as the membership grew.

In 1987, there was a need for larger office space. Consequently the Board of Directors called for tenders to construct a new Credit Union building. In June, 1988, business commenced in the new building. The old building was sold and removed from the property. The official opening was in August 1988.

Vernon was replaced as manager in 1989 by Gary Gray who con- tinued in this position until 1992. Presently there are eighteen employees including part-time staff. The Credit Union in 1989 had 4,025 member and assets totalling $20,685,822.61.

The continuous growth of this Credit Union is attributed to the dedication of the board and committee members, staff and membership.

The following persons subscribed their names as desirous of being formed into a company, in pursuance of a Memorandum of Association. Each agreed to take a number of shares in the capital stock of the Credit Union.

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