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Luseland Credit Union: six decades of success

Luseland Credit Union celebrated with members at a special evening.

LUSELAND — The Luseland Credit Union is celebrating 60 years of success, history and service to the community this year. 

The LCU was chartered on June 5, 1963, under the name Luseland District Savings and Credit Union LTD. It operated out of the Bell Agencies Office as Randy Bell was treasurer. In October 1964, the library building was purchased from the town of Luseland for $2,000 and George Clark was hired as full-time manager.

The credit union saw growth in membership and assets and by the fall of 1966, the board of directors made plans for a new office to be erected in 1967. The name of the credit union also changed to Luseland Credit Union Limited in 1969.

In December 1971, Victor Delhommeau became the new manager. The credit union grew under his leadership. After 35 years as manager and 40 years of total service, Delhommeau retired in 2006, leaving the credit union with 25 times more assets than when he started.

Adam Franko took over the general manager position in 2008, with assets at $41.2 million. His leadership has seen those assets grow to over $170 million. 

The board once again made plans for a new building in 2015. The LCU moved into the new building in October 2017 where they are still located and currently employ 12 staff to help members with all their banking needs.

The LCU has always been a strong supporter of the town, making sizable donations over the years to the Luseland Credit Union Community Swimming Pool, Pioneers Haven, Luseland Legion Park, Luseland Pioneer Club, Luseland Salvador Homecoming Hall, the helipad project, and Kids in the Kitchen program along with various local sports programs. The staff often volunteer at local events and are proud to call themselves a member of the community.

To celebrate their 60th anniversary, a special evening for members was held Oct. 21. Jean Halliday was honoured as the longest-serving employee during the banquet. A few special guests who have been involved in the LCU’s history were on hand to say a few words. The evening ended with entertainment from the Court Jester Dueling Pianos.

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