HISTORY OF OUR CREDIT UNION

The Clarence Community & Schools Federal Credit Union is a not-for-profit member owned and operated financial institution established to meet the needs of its members and members of their families.

The Credit Union was started October 13, 1954 by a number of teachers, two clerical employees, a custodian and an administrator

Teachers  
John D O'Neil James R McDonald
Donna L O'Neil Gwendoline A Watson
George Navik William Wilson
Janet M Navik James Battistoni
Graham Smith Ted Sturgis
Clerical  
Lucille Booker Olive Johnson
Custodian  
William Holmwood  
Administration  
Benjamin Macey  

These forward thinking individuals pooled their savings through payroll deductions so members could borrow money at favorable rates. The money earned from loans paid dividends (interest) to the savers. This same concept still exists today. As of January 2006, we have over 2200 members with savings in excess of $10,000,000 and loans in excess of $7,600.000. We remain committed to anticipating and satisfying the financial needs of our members and their relatives. We strive to be the best place for our members to save their hard earned money and to borrow from when the need arises.

In addition, we want to provide the services and conveniences that our members desire and deserve.