Caisse populaire de Saint-François-de-Madawaska

The Caisse populaire de Saint-François-de-Madawaska is designated a Local Historic Place for its historical aspect in the village.

Mrs. Joséphine St-Pierre’s store operated at this location in the 1920's-1930's. It should be noted that a woman managing a store at this time was very uncommon. Mrs. St-Pierre can be considered one of the first businesswomen in northwestern New Brunswick.

The Caisse populaire de Saint-François-de-Madawaska was established in 1937, by J. Docithe Nadeau, a very well-known businessman in the village. The fact that a caisse populaire (credit union) was set up during the Depression shows the residents’ determination to improve their financial situation. In 1943, space was rented for Saint-François’s new cooperative in Joséphine St Pierre’s store, but it was not until 1958 that the cooperative purchased the store. At first, the cooperative sold food and clothing, as well as building materials and accessories, in addition to acting as a credit union. The store operated until 1975, while the Caisse populaire continues to remain very active in the village.