PITTSFIELD — Sebasticook Valley Federal Credit Union is celebrating 70 years of service with special anniversary events this week.

The credit union began in 1953 as a financial co-op formed by employees at Northeast Shoe Co. in Pittsfield, whose members wished to accumulate savings and build credit. As factory workers with long hours, it was difficult for them to become members of a traditional bank, and so they created the co-op on-site at the factory where they could deposit money into their accounts, cash their checks and apply for loans.

“As we look back on 70 years of service now in six counties across Maine, I am filled with pride for our community and gratitude for our members,” said Sebasticook Valley FCU President Jim Lemieux in a news release from Marshall Communications. “While much has changed with advancements in technologies and expansion into new communities, our initial values of community and helping others have not changed. Our member-owned structure lends itself to a dedicated approach to member service that you would not receive at a larger corporate lender. At Sebasticook Valley FCU, our community commitment and strong connections with members allow us to approve loans that may otherwise not be approved by larger lenders.”

In celebration of its anniversary, the credit union will hold anniversary events for staff and members at its Newport branch on Thursday and in Pittsfield on Friday. Food, giveaways and prizes will be offered, with a grand prize of a $500 gift card drawing for members.

To learn more about Sebasticook Valley FCU, visit svfcume.com.