In 1955, the credit union was founded by our first treasurer - manager; Ethel McNeil.
She asked ten town employees to deposit $5.00 each into a savings account. These dedicated members received no dividends in their weekly deposits for a long time.
Mrs. McNeil took no salary for seven years - when she began to earn a much deserved income, it was $25.00 dollars a week.
********** It could not happen today **********
Thus the credit union began with ten members and $50.00 in assets
Today - we are an $18,000,000 million dollar institution with 2,745 members.
Our Charter Membership includes:
Town of Wellesley
Town of Needham
Center Automotive Inc - Needham, MA
Corcoran & Havlin Insurance Co - Wellesley, MA
Wellesley Chamber of Commerce