A Study group was formed and meetings held in 1969 to consider starting a credit union for the residents of Downpatrick and they registered in January 1971 as an Industrial and Provident Society Company number NO000027
The founders were encouraged to recruit and soon they had their first hundred members who were saving and lending following the procedures adopted by other credit unions in Northern Ireland.
The fist premises were in Market Street. Irish Street in 1970 was the second place the credit union operated from.
1972 was when the third operational premises were opened on English Street.
Back again to market Street, with the opening of new premises and a membership growing from strength to strength.
The common bond is that members must reside or work within a ten-mile radius of Market Street Downpatrick.
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