On December 8th 1988, Dumbarton Justice and Peace Group called a meeting in Benview House, Strathleven Place, to explore the possibility of forming a Credit Union that would serve the people of the town.
On Monday 14th of May, 1990, with Pat Tonner in the Chair and Gregor Gordon as Secretary, a meeting in the Concord CE Centre formally agreed that our Common Bond would be defined as that described in the Registration Document. Also that the Credit Union would be known as Dumbarton Credit Union Ltd and its registered address would be Castle Street Dumbarton. It was further agreed to affiliate to the Association of British Credit Unions Ltd and abide by the International Operating Principles of Credit Union.
Rose Dorman of the Association of British Credit Unions Ltd. addressed the meeting on the responsibilities incumbent on those administering a Credit Union.
Mary Ferris of Strathclyde Credit Union Development Agency then took temporary charge of the proceedings to allow elections and appointment of the following Office Bearers, Committee Members etc.
- President: Thomas OíNeill
- Vice-President: Margaret Orr
- Secretary: Gregor Gordon
- Treasurer: Helen Devlin
- Assistant Treasurer: Sandra Scott
- Directors: Barbara Croft, Eamonn Cullen, Siobhan Kerr, Eileen Lally, Deirdre Lynch, Carol McCafferty, Sister Anne Jane OíRourke, and Thomas Trainer
- Credit Committee: Sarah Davis, Helen McGillen, and William J. Findlay
- Director appointed to liaise with Credit Committee: Eamonn Cullen
- Supervisory Committee: Sally Connolly, Anindya Majumdar and Patrick Tonner
Formalities concluded with Eamonn Cullen, Gregor Gordon, Siobhan Kerr and Thomas OíNeill signing the Registration Document contained in Rules of Credit Union.
The meeting was brought to a close by Mary Ferris who reiterated Rose Dormanís earlier sentiments by congratulating all involved in their previous eighteen months of hard work. In turn, the meeting thanked Mary for her invaluable help and assistance over the same period.
Ten days later, the 24th of May 1990, Dumbarton Credit Union was given the Register number 47 C by the Registrarís Assistant in Edinburgh.
At Castle Street on June 14th, Dumbarton Credit Union Ltd. opened to the public. With Carol McCafferty, Jock Findlay and Margaret Orr acting as Tellers, forty five adult members were enrolled and collections, including membership fees, amounted to £322. 60.