IC was founded in 1928 as a Member-owned, non-profit institution, chartered to encourage savings by offering a fair return on deposits; in turn used to offer low-cost loans. Our new field of membership expanded to include individuals who live, work or worship in these Massachusetts counties: Worcester, Middlesex, Franklin, Hampden, Hampshire, and Norfolk. This also includes spouses of individuals who passed away while Members, credit union employees, members of their immediate families, and organizations of such individuals.