Legal Opinion
La Caisse Populaire Ste. Marie (St. Mary's Bank) v. United States
Court of Appeals for the First Circuit
Decided September 30, 1977No. 77-1129PublishedCited by 16 opinions
1Opinion of the Court
CAFFREY, District Judge.
The question presented by this appeal is whether La Caisse Populaire Ste. Marie (St. Mary’s Bank) is a credit union entitled to federal income tax exemption under the provisions of Section 501(c)(14)(A) of the Internal Revenue Code of 1954.
St. Mary’s Co-operative Credit Association, founded in 1908 and chartered by the State of New Hampshire on April 9, 1909, was the first credit union in the United States. 1 Under its original charter, membership was restricted to residents of the City of Manchester. N.H.Laws of 1909, chap. 303, § 3. In 1925, the New Hampshire…
2Cases cited4 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- United States v. Connecticut National BankSupreme Court of the United States · 1974
- Bowers v. Lawyers Mortgage Co.Supreme Court of the United States · 1932
- United States v. Cambridge Loan & Building Co.Supreme Court of the United States · 1928
3Cited by16 opinions
- T I Federal Credit Union v. DelBonisCourt of Appeals for the First Circuit · 1995
- Carol QUIJANO Et Al., Plaintiffs-Appellants, v. UNIVERSITY FEDERAL CREDIT UNION, Defendant-AppelleeCourt of Appeals for the Fifth Circuit · 1980
- Gene F. Barany and Helen L. Elliott v. John BullerCourt of Appeals for the Seventh Circuit · 1982
- Ridenour v. Andrews Federal Credit UnionCourt of Appeals for the Fourth Circuit · 1990
- Heiskala v. Johnson Space Center Federal Credit UnionDistrict Court, S.D. Texas · 1979
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