Sonoma County Grange CU

On May 22, 1948, Sonoma County Grange Credit Union was licensed by the Department of Corporations, State of California. At the June 9, 1948 Board Meeting, the Treasurer reported that there were seven members, share balances of $40, loan balances of $0, and cash in the bank of 30 cents. The Board voted to approve the purchase of a stamp bearing the name of the credit union. By the end of the 1st year there were 70 members and $3, 500 in assets. By the end of the 2nd year, the credit union had caught on, and there were 136 members and $39, 000 in assets.