Fonds - Trinity East Co-operative Credit Society Ltd. fonds

Title and statement of responsibility area

Title proper

Trinity East Co-operative Credit Society Ltd. fonds

General material designation

  • Textual record

Parallel title

Other title information

Title statements of responsibility

Title notes

  • Source of title proper: Supplied title based on provenance

Level of description

Fonds

Reference code

Edition area

Edition statement

Edition statement of responsibility

Class of material specific details area

Statement of scale (cartographic)

Statement of projection (cartographic)

Statement of coordinates (cartographic)

Statement of scale (architectural)

Issuing jurisdiction and denomination (philatelic)

Dates of creation area

Date(s)

  • 1945-1955 (Creation)
    Creator
    Trinity East Co-operative Credit Society Ltd.

Physical description area

Physical description

2.5 cm of textual records

Publisher's series area

Title proper of publisher's series

Parallel titles of publisher's series

Other title information of publisher's series

Statement of responsibility relating to publisher's series

Numbering within publisher's series

Note on publisher's series

Archival description area

Name of creator

([184-]-)

Administrative history

The Trinity East Co-operative Credit Society Ltd, is based on the Co-operative unions first established in England by textile workers in the 1840's, and introduced to Newfoundland by Sir Wilfred Grenfell in 1896. The Trinity East Co-operative Credit Society held its first meeting on January 10th, 1945 in the home of the Chairman, Mr. Charles Brown. The Society had a constitution and was open for membership to any member of the community of Trinity East who applied and was approved. It was started as a type of co-operative bank for use by the members of the society. Its objects and purposes were to promote in its members thriftiness, create a source of credit for its members, for productive purposes, promote membership to the regional or central co-operative organization and to preform any other acts which would help attain the above goals.

The organization had four different parts: the board of directors; the officers; the credit committee and the supervisory committee, each being made up of five, four, three and three members respectively. The board oversaw the general operation of the group and influences decisions made at monthly and annual meetings, the board of directors being elected by members. The officers hold particular tasks within the organization and they are required to preform them, the officers are elected by the board of directors. The credit committee oversaw the applications for loans and withdrawals and met at irregular time intervals, and are elected by the membership. The Supervisory committee oversaw the financial running of the organization, supervising and reporting any issues within the organization quarterly.

The Trinity East Co-operative Credit Society Ltd. is a form of credit co-operative, or credit union, that was set up by the individuals of Trinity East to provide for themselves financial services at the best possible rates.

In Newfoundland by 1950 there where 82 registered credit societies with assets over $300,000 and nearly 5,000 members. Therefore this movement was fairly strong during the period of the Trinity East Co-operative Credit Society Ltd. The smaller societies were often connected to a credit central, which was an organization which pooled the surplus funds of its member societies and made loans to individual societies.

The Trinity East Co-operative Credit Society Ltd. became a registered co-operative in 1947. The date of termination for the Trinity East Co-operative Credit Society Ltd. is unknown at this time, regular meetings and associations with the Avalon Co-operative Counsel was in existence in 1950.

Custodial history

Scope and content

Constitution and Co-operative information, 1947; Correspondence and Newsletters, 1950-1955; Meeting Records, 1945-1952.

Notes area

Physical condition

Immediate source of acquisition

Originals donated by Bruce Edwards, 2010.

Arrangement

Language of material

    Script of material

      Location of originals

      Availability of other formats

      Restrictions on access

      Terms governing use, reproduction, and publication

      Finding aids

      Associated materials

      Related materials

      Accruals

      Alternative identifier(s)

      Standard number

      Standard number

      Access points

      Subject access points

      Place access points

      Name access points

      Genre access points

      Control area

      Description record identifier

      Institution identifier

      Rules or conventions

      Status

      Draft

      Level of detail

      Partial

      Dates of creation, revision and deletion

      Created - August 26, 2013

      Language of description

      • English

      Script of description

        Sources

        Accession area