John A. Clark (1917-1989)

John A. Clark, former Winthrop Town Clerk, resident and credit union forefather, was a leader in Winthrop's credit union movement. He believed passionately about the ideals of cooperative banking and was steadfast in his commitment of people helping people.  In 1963, from a small office in Winthrop's Town Hall, the credit union was founded with 9 charter members and $2400 in assets at the end of its first year. 

Today, under the vision and leadership of his son, Joseph M. Clark, and a strong 9-member Board of Directors, the credit union has nearly 44 million in assets, two branches, 5600 members and an expanded product line rivaling the largest banks and financial institutions.  WFCU maintains a community charter and has a special designation to help those of low to modest means.  The WFCU is testament to those who envisioned its need and created the foundation for its longevity.

In memory of John A. Clark, the WFCU offers one $500 scholarship to WFCU members who are graduating high school and have qualities similar to that of John A. Clark. 

Applicants are asked to submit a 2-paged, double-spaced essay on how their high school and future pursuits depict the qualities of leadership, dedication and civic pride. 

Include your name, account number and college attending (if known)

Essays should be submitted to wfcu@winthropfcu.org no later than 05/15/2010

Good luck!