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About Us |
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In 1949, Antone Costa moved to the
town of Westport. He enrolled in Business school and began to study
Accounting, Cost Accounting, and Business Law for the next three
years. Around that time he realized that Westport did not have a
banking facility. Upon consulting the President of St. Mathieu’s
Credit Union, he began to assemble a group of 25 people.
The first organizational meeting of the 25 Westport individuals was
held in the Sterling Beverage Building (where the Hampton Inn is now
located). A representative from CUNA addressed the group and
presented them with a Charter. Westport Federal Credit Union became
the first financial institution in Westport. The first meeting was
held at the Grange Hall on Old Bedford Road. William Birkett was
elected as the first President. Antone Costa was the clerk. He wrote
ten books before realizing he was not a member, so he became book
number eleven.
The American Legion Hall became the weekly meeting place of the
board. For the following two years, every Friday evening from 6:00
pm to 9:00 pm with no heat and poor lighting they held their
meetings. A cigar box was used for the money collected. There was
also a branch office at a variety and package store on Sanford Road,
owned by Phillip Barnaby, a member. Some members would make their
deposits there and he would turn the money over to the treasurer at
the time, Robert Butler.
In 1955, the Credit Union hired its first teller, Thelma Sullivan.
An asset to Westport Federal Credit Union over the past forty-nine
years, she currently serves as Treasurer on the Board of Directors.
The Zulmira Plaza was built in 1965. The Credit Union once again
decided to move to new headquarters where it has remained since.
Westport Federal Credit Union would go on to acquire St. George’s
Credit Union and following that, opened the Central Village Branch
on Main Road in Westport on April 16, 2001. In 2004, the Credit
Union reached $40 million in assets and was granted an expanded
field of membership. The towns included in the expansion were Fall
River, Somerset, Swansea, New Bedford, Dartmouth, Fairhaven,
Acushnet, and Freetown.
Westport Federal Credit Union is proud to provide service and
dedication to the SouthCoast. |
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