Creston and District Credit Union celebrates 75 years

Creston and District Credit Union is marking 75 years of serving in the community with a celebration this summer.

Carole Materi, a director with the board of Creston and District Credit Union said, “the credit union was born from a need identified by the Odd Fellows Club back in 1950, it didn’t take long for the paperwork to be signed and for Creston and District Credit Union to open July 30, 1951.”

The organization has moved several times over the decades as it grew, she said.

“They operated out of different houses for the first three years, and then they bought an old forge building on the corner of Elm and 18th in 1954. After that, they moved to Canyon Street in 1963, which is now what we recognize as the Rock Shop, and then in 1977, they moved to 119 11 Avenue, which is now the KES building. In 1988, our current building was born.”

The credit union’s current parking lot also carries historical significance.

“Oddly enough, our credit union parking lot is where the Odd Fellows Lodge was. So, it has come full circle back to where the idea and the seed was planted.”

Materi said the organization’s longevity reflects the strength of the community it serves.

“We value our members and our relationships with them and with other credit unions. Being financially sound gives us the ability to make donations to our community,” said Materi.

Last year, we donated more than $40,000 to this community and in the future, we’re looking forward to more of the same.”

“Our profits stay here in Creston, and we have dividends that are given to our members every year, along with all the donations.”

To mark the milestone, the credit union is hosting an anniversary street party on Saturday, July 18.

“We’re going to have a huge celebration. We’re going to have free breakfast and lunch in the parking lot, and that’s open to everybody.”

“We’re just happy to be here, and we’d like everybody to come out and celebrate with us.”


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Kate Brown
Kate Brown
Kate is a proud mom of two with a wealth of journalism, media and communications experience. Born in Australia, Kate moved to the Kootenays for a change in lifestyle and now spends her days enjoying the mountains, lakes and activities the region has to offer.

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