On January 8, 1942 at the Painesville City Garage, a small group of employees saw the need to organize the credit union for city employees. The nine charter members were Stanley Prque, John Reid, E. Burdette Talcott, Neal Elliot, William C. Smith, Maynard Farren, A.A. Ferguson, Maynard B. Hoyes, and J.H. Murray. These charter members were joined by other city employees to increase membership to 78 members before the end of the first year.
The Credit Unions growth over the years created a need for a number of different office locations. The early meetings were held at the old fire station on North St Clair until approximately 1954, and then the office moved to the basement of Eugene Tuthills home until 1959. Because of the continued growth we moved into the Plain Dealer Building on South St Clair until 1970. The first building was purchased by the Credit Union at 177 East High Street. This building serviced us until 1985 when the building was purchased at 66 N State Street where we remained until the current building at 280 N St Clair Street was built in 2010.
No history of this Credit Union would be complete without recognizing our appreciation to the Painesville City Administration for their cooperation and help initiating this endeavor. We have been very fortunate that the Painesville City Schools soon became a SEG along with several other local companies that helped us to grow into the successful entity we are today. In 2012 we expanded our field of membership and are proud to serve all who live work worship or attend school in Lake County. Our success is a tremendous tribute to you, the members, for your continued loyalty and to the many volunteers and staff for their dedication, conscientious effort, knowledge and leadership. Our confidence in the future is based upon the confidence in our credit union members and together we will accept new challenges and take advantage of new opportunities.