The idea of a Credit Union commenced in the year 1962 with Father Ludovic Chauvet who was the catholic parish priest of Choiseul at the time. The priest encouraged thrift amongst Catholics securing their funds for them so that they can use these funds in difficult times. Every Sunday after mass, persons would take their monies to the priest for safe keeping. The priest would keep records on the amount of funds belonging to each person. The priest then invited other persons from the Catholic Church to form a group to manage these funds. Most of those persons are deceased now but because of their initiative, there is a credit union in Choiseul today. The society began operating as an organization on 08 th  December, 1963 and was registered on 6 th  October, 1970.