Limestone Federal Credit Union was organized in 1955 when a small group of men who worked for Inland Lime & Stone Company decided there was a need for alternate financing. They applied to the NCUA to charter the Limestone Federal Credit Union.
The first meeting was held on March 27, 1955 and was chaired by Cecil Chase, who had been appointed Temporary Chairman. Charles Burley, Richard Freeland, Howard LaBar, Bill Chartier, Charles Blanchard and Howard Hanson were elected to the Board of Directors. Charlie Burley was elected Treasurer.
Charlie worked at Inland Lime & Stone during the day, and after leaving work, he opened the Credit Union. The hours were from 4:00 p.m. to 6:00 p.m. Monday through Friday. As the membership grew, he moved the office to his garage. Realizing the need, the Credit Union purchased a building on Walnut Street in 1968.
Membership continued to grow, creating the need to purchase a larger facility in July of 1978. Today the Limestone Federal Credit Union remains at that same location of 131 River Street.