MANCHESTER, N.H. – St. Mary’s Bank, the nation’s oldest credit union, is moving to a new headquarters adjacent to its current offices.

The $740-million credit union broke ground Wednesday on a three-story, 29,000-square-foot facility, scheduled for completion in fall 2013.

At that point, the current headquarters will be demolished to make way for a new, four-lane drive-up area.

“As far as location, there was never any question that we would remain here. It has been our home since 1930,” said Ronald Covey, president of the credit union, founded in 1908. “Moreover, it is in sight of our original office, which was established nearly 104 years ago.”


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.