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ALLANACH MORTGAGE
GROUP
In Partnership with Your Credit Union

Mortgage Application

About Us

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
Town of Natick
Center Automotive Inc - Needham, MA
Corcoran & Havlin Insurance Co - Wellesley, MA
Wellesley Chamber of Commerce