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Business
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History of the Saint Louis Credit Union Ltd.
On January 25, 1940, a first meeting was held in the gym
of "Bonnyville School" to establish a Credit
Union. The goal of the organizers was to create a financial
institution that would cater to the French and Catholics
of the St. Louis Parish.
Nearly thirty people were present at the meeting. Rev.
J . E. Lapointe chaired the meeting while T. E. Lambert
acted as secretary. Roméo Lamothe, Maurice Biron,
Lucien Hétu, Hervé Turcotte, Dr. S. Sabourin
and Henri Dupré formed a research committee.
On April 27, 1940, after a special meeting held in the
vestry, the committee decided to apply with the provincial
government to be incorporated under the name of "St.
Louis Savings & Credit Union Ltd.". Certificat
no. 29 was presented May 7, 1940.
On May 23, 1940, the first general meeting was held. The
first elected directors were: Oscar Nobert, President;
Dr. S. Sabourin, Vice President; and Arthur Lambert, Rev.
J.E. Lapointe, & P. Gigère, Directors.
Credit Committee:
A. Dargis, H. Turcotte & J.E. Demers
Monitoring Committee:
M. Biron, A. Husereau & P. Durocher
On August 20, 1965 the name was changed to read "Caisse
Populaire Saint-Louis Credit Union Ltd." On February
17, 1967, the Memorandum of Association was amended so
that the Credit Union could accept all residents of the
community.
Date |
Number of members
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Assets
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November 1941 |
69
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$2,000.00
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November 1951 |
259
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$15,884.91
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November 1961 |
290
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$59,409.27
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November 1971 |
1155
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$1,465,963.06
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November 1981 |
3587 |
$23,028,811.50
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Secretary Treasurers/Managers:
1940 - 1942 |
Theodore Lambert
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1943 - 1949 |
Reverend Georges Tardif
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1950 - 1951 |
Maurice Biron
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1951 - 1952 |
Yvonne Drouin
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1953 - 1955 |
Arthur Lapointe
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1956 - 1958 |
Gisèle Demers
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1959 - 1963 |
Chris Szazkiewicz
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1964 - 1965 |
Germain Desaulniers
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1965 |
Brunel Girardin
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1965 - 1979 |
Robert Lacombe
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1979 |
Ronald Bérubé
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Presidents:
1940 - 1946 |
Oscar Nobert
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1947 - 1949 |
Philias Durocher
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1950 - 1966 |
Albert Husereau
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1967 - 1973 |
Phil Caouette
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1974 - 1980 |
Armand Laing
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1981 |
Réal Joly, René Dallaire
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Today the members of the Credit Union have complete financial
services.
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