The Salem School Credit Union was chartered February 15, 1956, and has grown from a small number to its present membership of about 500. The assets of this cooperative association have grown to over $2,000,000 with much of this on loan to members--the remaining portion is securely invested in investments approved by the Department of Financial and Professional Regulation of the State of Illinois. The Credit Union is operated under strict by-laws as well as state laws and is examined and evaluated periodically by the Credit Union Division of the Department of Financial and Professional Regulation.