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St. Mary’s Bank, the nation’s first credit union, held its 109th Annual Shareholder meeting April 11, 2018 at its McGregor Street headquarters in Manchester.
President/CEO Ron Covey reviewed the credit union’s financial success over the past year, which included

  • $444 million in total loan production
  • $857 million in total deposits
  • $989 million in assets
  • $4.2 million in net income, up almost 15 percent from 2016.

New Hampshire Housing Finance Authority recently named St. Mary’s Bank, the nation’s first credit union, a Top 10 Lender for the seventh straight year.
“New Hampshire Housing shares our passion for making first-time homeownership attainable and affordable in a challenging market,” comments Karen Mayrand, Senior Vice President and Director of Residential Lending at St. Mary’s Bank. “This recognition demonstrates our commitment to first-time homebuyers around the state, and we are deeply proud to be named a top lender once again.”

St. Mary’s Bank knows that the down payment hurdle can be difficult to get over, especially for first-time homebuyers. Down payment assistance funds lower that hurdle and help make homeownership attainable.
Eligible buyers can get up to $11,000 to purchase homes they will occupy as their primary residences. The funds can be used for down payments and closing costs, reimbursement of homebuyer counseling costs, or rehabilitation costs associated with acquisition.

Maxine Cacciotti has joined St. Mary’s Bank as its new Senior Indirect Lending Business Development Officer.
Cacciotti brings 21 years of experience in business development, dealership relations, customer service, and credit union advocacy. She will use her expertise and relationship-driven approach to strengthen the credit union’s network of dealer partners and increase its portfolio of indirect lending.

St. Mary’s Bank recently received two Diamond Awards for outstanding marketing and business development achievements in the credit union industry.
The nation’s first credit union won the Complete Campaign category for its summer 2017 Go Mobile campaign that promoted the adoption of the institution’s easy and convenient Mobile Banking platform. St. Mary’s Bank also won the Financial Education category for its September 2017 Shredtember focus that encouraged behaviors that reduce the risk of identity theft and account fraud.

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