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In 1953, several members of the Leominster community met to discuss a growing concern. People needed to borrow money locally and there was no local resource to do so. These community members responded to the need for a local institution that could provide small loans at reasonable interest rates. That response was Leominster Credit Union. Leominster Credit Union was founded in 1954. Initially the credit union was open one night weekly. Its office was the back room of a local press. During the 1960s assets increased to $105,000 and membership expanded to over 400 members. In the 1970s the credit union membership exceeded 4,500. It became obvious that a new, full-service building was needed to serve member needs. A new corporate office and main branch were constructed in 1972. LCU continues operations at this site today. Today, Leominster Credit Union serves the financial needs of North Central Massachusetts communities. LCU has assets of $350 million and membership in excess of 33,000. Leominster Credit Union provides lending, deposit and other financial services in Worcester County through a network of branches, ATMs, and telephone and online banking services. Branches are located in Leominster, Worcester, Clinton, Holden, Sterling, and North Leominster. LCU operates two high school branches at Clinton High School and Wachusett Regional High School.
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