The idea of establishing a Credit Union in Niverville originated in a corner grocery store in 1948. On March 17, 1949, a general meeting was held where 23 people signed up, for a total of $150.75 in shares.

On March 21, 1949, the first annual meeting of Niverville Credit Union Society Limited was held at the Community Hall. Bylaws were approved and the first officers were elected.

Our first office was at the Niverville B/A Station, rent-free for two years

The ceiling on a loan was soon raised to $150, and on May 28, 1949, the limit was removed. In 1954 the charter was extended to include the New Bothwell and Randolph areas.

In 1956 the office was relocated to its own building measuring 480 square feet.

In 1967 we reached assets of $1 million. The same year, a new 2,800 square foot office building was completed. This new building provided modern banking facilities including a night deposit vault and safety deposit box rentals.

By 1977 assets had increased to $12.2 million with 2,500 members. The office building was expanded by some 125 square feet that year.

On September 1, 1983, the Niverville and Landmark credit unions merged. The Landmark office had a total membership of 604 with $834,000 in assets. Loans outstanding were $596,875.

In 1988 we expanded the lobby in our Niverville office and installed an automated teller machine.

June 13, 1998 marked the grand opening of our new building in Landmark. Services at this location were expanded to include an ATM and safety deposit boxes.

This is a tribute to those who had the initiative and courage to organize the credit union–the 23 founding members in 1949, and the directors, committee members, and staff who have supported us since.

Niverville Credit Union has been averaging approximately 8.25% annual growth since 2000.