New Home For Oldest Credit Union
The nation’s oldest credit union now has a new home after the $780 million St. Mary’s Bank opened its new headquarters in its historic McGregor Street location in Manchester, N.H.
The ribbon cutting was held Tuesday – with nearly 200 guests including Manchester Mayor Ted Gatsas and New Hampshire Bank Commissioner Glenn Perlow on hand – and an open house was set for Friday.
“The construction of this impressive modern building is a milestone for us,” said St. Mary’s President/CEO Ronald H. Covey Jr. “We now have a state-of-the-art facility to move our credit union forward and meet the financial needs of 80,000 members across New Hampshire.”
The three-story, 29,000-square foot facility replaces on that had been on the site since 1970 ad includes mortgage and commercial lending divisions, finance, human resources and executive administration offices, the credit union said, as well as full branch services, including drive-through lanes and ATM.
St. Mary’s Bank was founded in 1908 and built its first official headquarters, known as the Marble Building, on the McGregor Street site in 1930. That building was replaced in 1970 and plans got underway again in 2007 for new headquarters. Ground was broken for it last year.
LEED certification is being sought for the new building, the credit union said, based on its green features that include photovoltaic cells on the drive-up canopy that generate electricity, interior and exterior LED and high-performing light fixtures and steel structure made of recycled materials.
The new building’s décor also notes the credit union’s Franco-American roots, connections to the area mills, and honors its founders and former leaders.
St. Mary’s Bank now has about 86,700 members and locations in Manchester, Hudson, Londonderry, Milford, Nashua and Concord.