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Established on May
28, 1941, Somerville Municipal Federal Credit Union was started
by people who were committed to helping their fellow City of
Somerville employees save for retirement in an age when pensions
were non-existent.
Since the Fire and School Department employees had established
their own credit unions previously, the following founding
individuals bonded together and generously requested a charter
to include the remaining employees of the City of Somerville:
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John J.
Donahue |
T. Leo
Galligan |
Frances M.
McKenzie |
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William F.
MacDonald |
Mary C.
Crowley |
Thomas E.
Hegarty |
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William E.
Hogan |
Adelaide F.
McAuley |
Albert E.
Robitaille |
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William C.
Arbuckle |
Timothy J.
Dwyer |
Irene F.
Ward |
William Casey, one of the Credit Union’s first members and its
first unofficial “recruiter”, was instrumental in our growth
until his retirement in 1969. Mr. Casey was persistent in
building membership deposits and keeping the Credit Union alive.
In the 1960’s, membership was extended to employees of the
Somerville Housing Authority, the Somerville Redevelopment
Authority, and Massachusetts Welfare employees working in
Somerville. The field was expanded to include family members of
the above employee groups during the 1970’s. Employees of
Somerville Cambridge Elder Services were then included to join
our growing credit union membership in 1984.
Today, the common bond of our employer groups is service to
citizens of the Somerville community. With family members
included, we are now close to 3,000 members strong, and continue
to seek new members.
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