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Timeline

Discover some of the moments in our history that define us and make us who we are today. Click on the arrows to learn more about each event.

1908

St. Mary's Bank 1908 In 1908, Monsignor Pierre Hevey, Pastor of Sainte-Marie's parish in Manchester, New Hampshire, organized what would soon be known as St. Mary's Bank, the nation's first credit union. The goal was to help the primarily Franco-American mill workers save and borrow money. On November 24, 1908 we officially opened our doors at La Caisse Populaire, Ste-Marie, or The People's Bank.
St. Mary's Bank 1908 In a rent free room pictured here, in the home of Attorney Joseph Boivin, the credit union's first president, St. Mary's began operations rather modestly. Transactions were conducted during evening hours only with an all-volunteer staff, which assisted with daily activities.
St. Mary's Bank 1908 Gilberte Amyot-Brosseau (June 9, 1905 - July 7, 2006), daughter of St. Mary's first president, Attorney Joseph Boivin, recalls the time when she lived in the home and describes the early years of the credit union. Listen to her memories here.

1913

St. Mary's Bank 1908 For our first five years of existence, the credit union's first president Joseph Boivin, conducted transactions in his home on Notre Dame Avenue in Manchester. St. Mary's continued to prosper, and in 1913, we moved into our first offices on 330 Notre Dame Ave. in Manchester.
In 1916, board members vote to install a private telephone in the office, hire a full time paid manager at a salary of $100 a month and expand our office hours. Effective December 4, 1916, St. Mary's Bank office was open to the public on weekdays from 10 am to 1 pm, Wednesday and Thursday evenings from 7pm to 9pm, and on Saturdays from 10 am to noon.

1923

St. Mary's Bank 1923 Our focus at St. Mary's on serving our members and the community is evidenced by our growth. In 1923, the assets at St. Mary's exceeded $1 million.

1930

St. Mary's Bank 1930 The charm and history of "The Marble Building" is seen as the center of Manchester's West Side. Built in 1930, the historic building was home to St. Mary's Bank until 1970.

1933

St. Mary's Bank 1933 Dedicated to strength and stability, we at St. Mary's guided our members through difficult economic times. When thousands of banks failed during the Great Depression, we kept our doors open. With our members' interests at heart, St. Mary's remained open during the "Bank Holiday" declared by President Roosevelt, declaring all banking institutions must close, proving we could endure through economic disruptions.

1934

St. Mary's Bank 1934 In 1934, the Federal Credit Union Act was signed into law by President Roosevelt. The act authorized the formation of federally chartered credit unions in all states. The law was signed in order to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions.

1955

St. Mary's Bank 1955 St. Mary's continued to grow, and we were able to offer a variety of products and services to members. In addition to the traditional products, we also offered Christmas Club accounts, safe deposit boxes and a wider variety of loan products. By 1955, our credit union served several thousand members and increased our assets to over $6 million. This picture shows members conducting business inside the lobby of our Marble Building.

1970

St. Mary's Bank 1970 For 40 successful years, we were proud to call the "Marble Building" our home. In 1970, we began a new chapter of our history when we built and moved into our new main office on McGregor Street in Manchester.

1985

St. Mary's Bank 1985 Continuing our dedication to serving our members' needs, we at St. Mary's opened the door to our second branch located in Manchester on Elm Street in 1985.

1988

St. Mary's Bank 1988 Our third branch location opened in 1988 on the Daniel Webster Highway in Manchester.

1989

Our first Operations Center was located in the mill yard at 200 Bedford Street in Manchester. This office was home to our operational staff. The current operations center is located at 48 Perimeter Road in Manchester.

1995

St. Mary's Bank 1995 The Call Center was established in 1995. It was initially staffed with only two employees, Monday through Friday, 8:30 a.m. to 5:00 p.m. Representatives assisted members with basic inquiries and research requests.
St. Mary's Bank 1995 Staying true to our dedication to our members and the community, we introduced our Community Outreach Programs in 1995. Through these initiatives, St. Mary's has committed millions to aid the underserved families in our communities.

1997

St. Mary's Bank 1997 In early 1997, the former home of the nation's first credit union was accepted into the National Register of Historic Places.

2002

St. Mary's Bank 2002 The building where Attorney Boivin first conducted the business of the credit union became America's Credit Union Museum in 2002. The museum, located on Notre Dame Avenue, serves as a historical and educational site for the credit union movement.
St. Mary's Bank 2002 Our fourth branch location opened in 2002 on Hanover Street in Manchester.

2004

St. Mary's Bank 2004 Ironically, the first credit union in the nation opened the first credit union in Londonderry, New Hampshire in 2004. With the addition of the Londonderry branch, St. Mary's Bank expanded to 5 branch locations.

2005

St. Mary's Bank 2005 St. Mary's Bank 2005 In 2005, St. Mary's Bank announced the acquisition of Gateway Credit Union and joined forces, adding 8,000 new members to St. Mary's Bank. The acquisition added two new branch locations in Hudson and Nashua, expanding the total number of the credit union branches to seven.

2006

St. Mary's Bank 2006 St. Mary's Bank expanded into the town of Milford opening a full service retail branch. With the addition of Milford, we then had total of eight branch locations in southern New Hampshire.

2007

St. Mary's Bank 2007 The original philosophy that credit unions were "not for profit, not for charity, but for service," has prevailed through the years. The steady growth of memberships indicates consumers recognize the value of credit union membership. Since a credit union is a financial cooperative wholly and equally owned by members, a member is essentially a part owner. Whereas a credit union is not-for-profit, members benefit financially with lower loan rates and higher savings yields. In 2007, the number of credit union members exceeded 80 million, demonstrating that credit unions are gaining popularity as an alternative to traditional profit-driven financial institutions.

2008

St. Mary's Bank 2008 In 2008, we served nearly 60,000 individuals, families and businesses throughout New Hampshire. Membership is still open to everyone, just as it was in 1908. It's not just outstanding products and services that make it a financial institution like no other, but an unwavering dedication to members and community. St. Mary's Bank is the place where every member has a stake, and every voice is heard. It's the place where people work tirelessly to make dreams come true for this generation and the next. It's the place where you belong, today and tomorrow.

2009

St. Mary's Bank 2009 To honor the significant contribution that credit unions make to the financial wellbeing of the members and communities that they serve in New Hampshire, March 18, 2009 was declared New Hampshire Credit Union Day by Governor John H. Lynch.

2012

St. Mary's Bank 2012 In April of 2012, our new branch office and education center opened at 48 Perimeter Road in Manchester. The new location features our ninth retail banking office, plus a suite of conference rooms for member education and employee training. Local non-profit partners also have access to the space for meetings. A service representative, 24-hour ATM, and coin counting machine are also available.
St. Mary's Bank 2012 Just in time for the busy 2012 holiday travel season, St. Mary's Bank announced the opening of two ATMs at Manchester- Boston Regional Airport. One ATM positioned on the concourse after security near Gate 11, accessible to ticketed passengers, and the other in the airport's main baggage claim area B, available to the public.
St. Mary's Bank 2012 St. Mary's Bank opened a new Mortgage Center location to serve the needs of the Greater Nashua area in 2012. The center, located at 20 Trafalgar Square, provides members with a full-range of services, for convenient, ‘one-stop shopping' for all of their mortgage needs.

2013

St. Mary's Bank 2013 The Concord Mortgage Center, located at 2 Pillsbury Street, Suite 101 serves the mortgage needs of members in the Greater Concord, Lakes Region and the Upper Valley areas. The Center offers members one-stop shopping for any mortgage need.

2014

St. Mary's Bank 2014 The Credit Union National Association (CUNA) announced that credit union memberships rose to over 100 million members strong in the United States, equating to one in every three Americans. Credit unions added a total of 2.85 million additional memberships from 2013- 2014, the largest reported increase in more than a quarter century.

2017

St. Mary's Bank 2017 In 2017 the St. Mary's Bank Scholarship was introduced as a way to give back to the community and help offset the high cost of college in New Hampshire. It was awarded, in its inaugural year, to 10 amazing and deserving students.
St. Mary's Bank 2017 The 1908 fund was introduced to assist nonprofit organizations in the communities that St. Mary's Bank serves. Its purpose is to grant funds for one-time, special need or project-based activities that support its goal of promoting thrift and economic self-sufficiency.
St. Mary's Bank 2017 St. Mary's Bank expanded to the seacoast with the opening of their third Mortgage Center at 170 Commerce Way, Suite 200 in Portsmouth.