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. 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 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.
· Bastian Tire Sales, Inc.
· Danley’s Disposal
· Department of Agriculture
· Ginny’s Simply Stylin’ Salon
· Herring & Roll, P.C.
· Huntington Excavating
· Internal Revenue Service
· Jerre Wirt Blank Funeral Home
· Keystone Communications
· Law Offices Wiest, Muolo, Noon & Swinehart
· Mohawk Flush Doors Inc.
· Municipal Authority of City of Sunbury
· Northumberland County Conservation District
· Quality Print Shop
· Queen Engineering, Inc.
· Ralph’s Lawn Service
· Savidge Housing Group
· Social Security Administration
· Soil Conservation Service
· Sunset Skating Rink II, Inc.
· Susquehanna Valley Limousine
· U.S. Postal Service
· American Legion Post #201
· Christ Memorial Episcopal Church
· Fraternal Order of Eagles, Sunbury Aerie #503
· Goodwill Hose Fire Company
· High Valley Gun Club
· Knights of Columbus Marion Council #3780
· Kreamer-Snyder Co. Sportsman’s Assoc. · McCann (Criminal Justice/Cosmetology Assn.)
· Mt. Pleasant United Methodist Church
· Mid-Penn Sportsman Association, Inc.
· Sunbury Social Club
· Trinity Wesleyan Church
1000 Market Street
Sunbury, PA 17801
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