Bellwether's History | BCCU

Bellwether Community Credit Union Go to main content

Our History

It all started in 1921 with a small group of Bell Telephone System employees who, acting independently of their employer, created the Credit Union solely for the "promotion of thrift" among its members. This was accomplished by accumulation of member savings and the subsequent loaning of those funds at modest interest rates to other members.

Telephone Credit Union of NH was originally located on Concord Street in Manchester and was run by volunteers in the early years. In 1965, Richard D. Mahoney was hired as the first official employee of the credit union and within a few short months he became manager, overseeing three full-time employees. In 1976, Dick Mahoney was elected President of the Credit Union, a position he continued to hold for 25 years.

In 1991, our current facility at 425 Hooksett Road became the main office of Bellwether. In 2001, we received our charter to provide membership to anyone living or working in New Hampshire. 2001 is also the year that Michael A. L'Ecuyer was appointed President/CEO, taking that role over from his predecessor, the late Richard D. Mahoney. In 2004, Telephone Credit Union of NH merged with Greater Nashua Federal Credit Union and added our second branch location in Nashua. In 2005, the Credit Union changed its name from Telephone Credit Union of NH to Bellwether Community Credit Union (BCCU) to better reflect the diversity of its members. The credit union continued to grow and in June 2006 the members of the Compass Credit Union voted to approve a merger with BCCU adding our third branch on Valley Street in Manchester. The Valley Street branch closed in 2011, but we opened our Bedford branch in early 2012 and new branches are being considered for future growth.

Fall of 2019, Michael L'Ecuyer officially retired and Nathan Saller was appointed President/CEO. Today, we are proud to provide our products and services to families and businesses across the state of New Hampshire as well as Essex and Middlesex counties in Massachusetts, with a total membership that exceeds 34,000.

We support organizations as diverse as the Palace Theatre, the Currier Museum, local softball, baseball and soccer teams, and the NH Food Bank, as well as community events like the Boys and Girls Club's Day for Kids, Manchester's Go Red for Women event, activities for both the Nashua and Manchester Chambers of Commerce, and many more walks, festivals, and fundraisers! 

Next Steps

These days it is becoming harder and harder to find a truly local financial institution. BCCU has been prospering in your community—our community—for 100 years. The members of our staff and board are your neighbors. We’re here for you, providing personal service and solutions to meet your needs. Whether in our branches, over the phone, or through our website, our staff is focused on you. Just let us know, “How can we help you today?”

Start Here

Go to main navigation