Mr. Nicholas Ventrice, an employee of Pittsburg Hospital in Pittsburg, California felt that all employees of hospitals should have access to a credit union. Antioch Hospital and Concord Hospital was approached to determine their interest. An organization meeting was held on July 10, 1953 and the Bureau of Federal Credit Unions, which later became the National Credit Union Administration (NCUA), issued the charter to P.A.C. Hospital Employees Federal Credit Union. Mr. Ventrice was appointed as the first Treasurer/Secretary and ran the credit union out of a shoebox. He would inform members that he would be in the cafeteria or a designated office to make withdrawals and deposits to their accounts. As the credit union grew, Mr. Ventrice asked his wife, Grace Ventrice to assist him with the bookkeeping. She set up a work area in their garage and members then come to the house to make deposits, withdrawals and loans.
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