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About Us

The Birth Of Our Credit Union
Written by Clarence "Chic" Olin, December, 1988

Over 45 years ago, three U.S. postal employees had a common goal: to start a credit union. These three were Harold Geist of the Northumberland Post Office, and Robert Stoner and Clarence Olin of the Sunbury Post Office.

After getting some idea of how to start from John Scott, Treasurer of the Sunbury P.P.& L. Credit Union, these three postal employees contacted Mr. Clayton Burrows of the Pennsylvania Credit Union League in Harrisburg, PA. Mr. Burrows explained that 10 people were needed to sign the credit union's charter, and that each of the 10 had to buy a $5.00 share in the credit union and pay 25 cents for a passbook.

Mr. Burrows drove to Sunbury on the evening of February 5, 1954, and the following 10 people signed the charter: Harrold Treon, Paul J. Miller, Charles M. Huff, Robert Libby, Clarence Olin, Robert Reed, Harold Geist, Spencer Wanke, Frank Jones, and Robert Stoner.

After looking to the future and anticipating including the post offices in Snyder and Union counties into the credit union, it was decided to call the new credit union the "Sun Postal Employees Federal Credit Union". Then Geist, Stoner and Olin - or the "Three Horsemen," as they were now being called - proceeded to cover every post office in Northumberland County and explain, as best they could, what credit unions are all about to any employee who would listen.

On February 16, 1954, the credit union's charter was approved. On March 5, 1954, at 9:50 PM, our first meeting was held in the Civil Service Room at the Sunbury post office. At the meeting, the following people were elected to office:

Directors
Robert Libby
Albert Jones
Robert Stoner
Clarence Olin
G. Edward Horne
President
Vice President
Treasurer
Clerk
Member
Credit Committee
Paul J. Miller
Harold Geist
Robert "Pete" Reed
Supervisory Committee
Robert Cyr
Alvin Thomas
John Corcoran

On April 19, 1954, the charter was amended to include Snyder and Union counties. Then the "Three Horsemen" were on the road again and covered every post office in both counties. With the help of the other seven charter members plus the new members, the credit union's membership began to grow.

On March 31, 1954, our credit union had $258.10 in assets and 42 members. On January 31, 1955, we held our first annual meeting at the Sunbury American Legion Post 201. We now had 79 members and assets of $2,118.11! There were 15 people present at our first meeting.

Some people say dreams don't come true. Please, don't tell that to the "Three Horsemen," or the other seven members who signed the charter. As the report of the credit union's Treasurer shows, they do!


Our Field of Membership

An individual who is employed by one of the following companies is eligible to become a member of Central Keystone Federal Credit Union. Members of their immediate family are also eligible for membership.

Central Keystone Federal Credit Union also has in its BY-LAWS the "Once a Member, Always a Member" status for membership.

EMPLOYEES OF:

U.S. Postal Service
Social Security Administration
Department of Agriculture
Soil Conservation Service
Internal Revenue Service
Mohawk Flush Doors Inc.
Bastian Tire Sales, Inc.
Medical Center Pharmacy
The MunIcipal Authority of The City of Sunbury
Sunset Skating Rink II
Thor America, Inc.
Keystone Communications
Weaver Models
Ralph's Lawn Servive
Ginny's Simply Stylin' Salon
Quality Print Shop
Susquehanna Valley Limousine
Huntington Excavating
Jerre Wirt-Blank Funeral Home
Law Offices Wiest, Muolo, Noon & Swinehart
Herring & Roll, P.C.
Upper Augusta Township
Queen Engineering

MEMBERS OF:

Knights of Columbus Marion Council #3780
Mount Pleasant United Methodist Church
Mid-Penn Sportsman Association
Kreamer Sportsman Association
High Valley Gun Club
Sunbury Social Club
Criminal Justice Association of McCann School of Business
Fraternal Order of Eagles, Sunbury Aerie #503
Christ Memorial Episcopal Church
Goodwill Hose Company, Inc.

 

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