History

November 10, 1954

An organizational certificate was submitted to form the St Lawrence State Hospital Employees Federal Credit Union.  The names of the subscribers to the certificate were:

Herman B. Snow, M.D.
J.A. Sandburg 
Virginia E. Vines
Bertha E. Edgerton
Alice L. McMillan
Everett E. Crowell 
Robert E. Kinch
John E. Graveline

They each subscribed one share ($5.00).
The office was located in the Center building at the St. Lawrence Psychiatric Center.

The field of membership was limited to:
Employees of St. Lawrence State Hospital who work in Ogdensburg, employees of this credit union, members of their immediate families, and organizations of such persons.

November 22, 1954

Approval of November 10, 1954 organizational certificate.

Late 1950’s to early 1960’s

Office was moved to Curtis Hall at the St. Lawrence Psychiatric Center.

1972

Assets were approximately $1,000,000.

September 5, 1974

St. Lawrence State Hospital Employees Federal Credit Union changes name to:   St. Lawrence Psychiatric Center Employees Federal Credit Union.

The field of membership was:
Employees of the St. Lawrence Psychiatric Center who work at or are supervised from the above hospital, un-remarried spouses of persons who died while within the field of membership of this Credit Union, employees of this Credit Union, persons retired as pensioners or annuitants from the above employment, members of their immediate families, and organizations of such persons.

1974 – 2001

Over 80 SEG’s (Specific Employment Groups) were added to the membership.  These groups had a common bond and had to apply for membership.  The Credit Union would then apply to NCUA (National Credit Union Administration) having to state what common bond the groups had with the existing Credit Union members.

November 1990

Commerce Park Drive building was erected and office moved from Curtis Hall.

February 13, 2001

The St. Lawrence Psychiatric Center Federal Credit Union converted to a community charter becoming the St. Lawrence Federal Credit Union creating a field of membership which contains the following:

Members of record of St. Lawrence Federal Credit Union as of the date of the conversion to community charter, persons who live, work, worship or attend school in and businesses and other legal entities located in St. Lawrence County, New York,  and also included are spouses of persons who died while within the field of membership of this Credit Union, employees of this Credit Union, members of their immediate family or household, organizations of such persons and Ogdensburg Lodge No. 772 Benevolent and Protective Order of Elks.

2003

333 State Street branch was built.  Merger with Canton Corning Group Employees Federal Credit Union took place.  Satellite office maintained at the Corning plant until June 2010.

March 2004

Canton branch lease agreement entered into at 11 Court St. (Old Fire Station).  The Credit Union maintained a satellite office at the county court house until 2009.

3 Branches

  • 800 Commerce Park Drive, Ogdensburg
  • 333 State Street, Ogdensburg
  • 11 Court Street, Canton

Assets at $63 million.

November 2007

Addition to Commerce Park building for more office space

June 30 2010

Assets at $81 million – 26 employees – 3 branches