[Congressional Record Volume 144, Number 152 (Thursday, November 12, 1998)]
[Senate]
[Page S12997]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       THE 90TH ANNIVERSARY OF ST. MARY'S BANK IN MANCHESTER, NH

 Mr. GREGG. Mr. President, on November 24th, we will be 
celebrating the 90th anniversary of the birth of credit unions. St. 
Mary's Bank of Manchester, New Hampshire opened its doors in 1908 as a 
true local establishment serving the community on which it was built. 
St. Mary's Bank was formed by Manchester's French-Canadian immigrant 
and working class families to help other working class families. I want 
to congratulate St. Mary's Bank on being the pioneer in the field of 
credit unions and for continuing to grow and provide community support 
for the last 90 years.
  In these times of bank mergers and takeovers designed to expand 
markets beyond boundaries of local communities, St. Mary's has always 
stood by its roots and the people of Manchester. St. Mary's Bank 
exemplifies a community institution built on local values and 
relationships. It continues its tradition of donating to community 
causes and has begun a $10 million investment in the Manchester 
community to help low and moderate income families purchase and rent 
homes, and to provide assistance in emergency situations.
  I wish to recognize St. Mary's Bank of Manchester, New Hampshire for 
its 90 years of service to the community of Manchester's West Side and 
for marking the beginning of credit unions nationwide.

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