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St. Mary's & Affiliates Credit Union was incorporated
as St. Marys Employees Credit Union in late 1959 and first opened it’s
doors for business in early 1960. The office was located inside St. Mary's
Hospital and was open one hour per week. The Credit Union served the
hospital employees and their immediate family members, and had a total of
104 members by year-end. After about 10 years of slow growth, membership
and assets started to grow significantly in the 70’s. Up to this time
the Credit Union only offered savings accounts and loans.
During the 1980’s many new services were added
including checking accounts, travelers checks, ATM cards and second
mortgage loans. With St. Clare Hospital employees and Stoughton Hospital
employees joining our membership in 1978 and 1987 respectively, the Credit
Union grew from $650,000 in assets in 1980 to $5,000,000 by 1990.
The 90’s were very progressive years. Technological
enhancements allowed us to offer improved services and conveniences to our
members. Members, assets and staff increased. New employee groups
affiliated with St. Marys Hospital Medical Center were added to our
membership, which prompted us to change our name to St. Mary's &
Affiliates Credit Union to better reflect the diversity of our membership.
Our office continues to be located in St. Mary's Hospital,
with over $20,000,000 in assets and 4,000 wonderful members. It is our pleasure to serve them.
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