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B.C.’s oldest credit union tells its story

In 1932, Powell Riverite Walter Cavanaugh had a dream. He wanted to build his own home but did not have the means to pay for his materials.

By today’s standards, the solution would seem simple: seek a loan or a mortgage. But in the 1930s, these options did not exist.

The solution to Cavanaugh’s challenge became the legacy of First Credit Union, B.C.’s oldest chartered credit union (established in Powell River in 1939.) First CU has just celebrated its 75th anniversary, and in honour of the occasion, commissioned the writing of a book by local author, Linda Wegner, to preserve and record its history.

Copies of the book, Start Small, Dream Big: The 75 Year History of BC’s First Credit Union, can be purchased by contacting Charlene Reinisch, marketing and communications specialist with First Credit Union at [email protected] ◊