America's Credit Union Museum
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America's Credit Union Museum is located in
Manchester, New Hampshire Manchester is a city in Hillsborough County, New Hampshire, United States. It is the most populous city in New Hampshire. At the 2020 census, the city had a population of 115,644. Manchester is, along with Nashua, one of two seats of New Hamp ...
, on the site of the first
credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...
founded in the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. The museum is housed at the original location for St. Mary's Cooperative Credit Association, renamed in 1925 to La Caisse Populaire Ste.-Marie, or "Bank of the People", St. Mary's. In 1996, the building was listed on the
National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic v ...
as the Building at 418–420 Notre Dame Ave. What is now the museum was formerly a three-story, three-family dwelling belonging to
Joseph Boivin Attorney Joseph Boivin (September 21, 1866 - July 6, 1930) was a co-founder and first president of the first credit union established in the United States, St. Marie's Cooperative Credit Association. The son of Stanislas and Marie (Doucet) Boivin, J ...
, the manager of the St. Mary's Cooperative Credit Association. Boivin started the credit union with the help of
Monsignor Pierre Hevey Pierre Hevey (October 21, 1831 – March 21, 1910) was a Canadian-born American priest, and second pastor of Ste. Marie Church in Manchester, New Hampshire, in the early 20th century. He played a key role in the establishment of the first credit ...
and Alphonse Desjardins. The building was donated to the museum by Mr. & Mrs. Armand Lemire. To create the museum, the first two floors were converted into exhibit space about credit union history in the United States. The first floor pays tribute to the founding era of the credit union from 1908 to 1933. The second floor has historical artifacts beginning from 1934, featuring the Estes Park conference that created the
Credit Union National Association The Credit Union National Association, commonly known as CUNA (pronounced "Cue-Nuh"), is a national trade association for both state- and federally chartered credit unions located in the United States. CUNA provides member credit unions with tr ...
, and the 1934
Federal Credit Union Act The Federal Credit Union Act is an Act of Congress enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal cred ...
which enabled credit unions to be established in all states in the nation. The third floor contains an 85-person capacity meeting space with LCD projectors.


See also

*
National Register of Historic Places listings in Hillsborough County, New Hampshire This is intended to be a complete list of the properties and districts on the National Register of Historic Places in Hillsborough County, New Hampshire, Hillsborough County, New Hampshire, United States. Latitude and longitude coordinates are p ...
*
Sainte Marie Roman Catholic Church Parish Historic District The Sainte Marie Roman Catholic Church Parish Historic District, located in the city of Manchester, New Hampshire, United States, includes seven red brick buildings dating from the late 19th century and 20th century. The district was placed on t ...
, and Ste. Marie Church (Manchester, New Hampshire), also located on Notre Dame Avenue in Manchester * New Hampshire Historical Marker No. 208: St. Mary's Bank Credit Union / La Caisse Populaire Sainte-Marie *
History of credit unions Credit unions are not-for-profit financial cooperatives. In the early stages of development of a nation's financial system, unserved and underserved populations must rely on risky and expensive informal financial services from sources like money l ...
* Monsignor Pierre Hevey *
Edward Filene Edward Albert Filene (September 3, 1860 – September 26, 1937) was an American businessman and philanthropist. He is best known for building the Filene's department store chain and for his decisive role in pioneering credit unions across the Un ...


References


External links

* {{NRHP in Hillsborough County, New Hampshire Credit unions of the United States Credit unions based in New Hampshire Museums in Manchester, New Hampshire Numismatic museums in the United States History museums in New Hampshire Commercial buildings on the National Register of Historic Places in New Hampshire National Register of Historic Places in Manchester, New Hampshire