Credit Union

Jones Memorial United Methodist Credit Union

Members of Jones Memorial United Methodist Church are eligible to join the church's Credit Union. If you are interested in membership, please contact the Credit Union office during the operating hours between 10 a.m. and 3 p.m. on Tuesdays and Thursdays at the church.

History

On January 23, 1953, seven members of Jones United Methodist Church filed the necessary documents with the State of California to establish the Jones Methodist Church Credit Union. Under the leadership of the late Reverend Hamilton T. Boswell, we addressed financial needs using cooperative economics within the church family.

Dr. Boswell looked out of his office and saw members with new cars and thought, “We should be able to make these loans here at the church." Reverend Boswell recognized the fact that African Americans were getting red-lined and charged unfair rates. The Credit Union officially opened in May 1953. Membership share value at that time was $5.00

Founding Goals

  • To engage in the primary business of a credit union.
  • To receive and accumulate funds for secured or unsecured loans to qualified members.
  • For provident saving and lending at reasonable rates of interest.
  • To charge an entrance fee for membership.
  • To issue shares to members and to execute certificates for money received.
  • To promote business methods of thrift, honesty, integrity, and the spirit of service among its members

Founding Members

  • Ernest Conner, Jr.
  • Charles J. Jackson
  • Joseph G. Kennedy
  • Floyd Pierce
  • Alfred C. Simmons
  • Herman Stallworth
  • Garfield W. Steward