About

At the request of James and Charles Coker, approximately 100 Sonoco Products Company

employees met November 18, 1941, to discuss the formation of a savings and loan association

under the Federal Credit Union Act. A group of individuals were appointed to apply for a federal

charter under which to operate. They were: J. C. Hulsey, L. A. Turnage, L. R. Blakeney, L. L.

Sparrow, W. M. Glen, R. Paine, W. H. Bailey (appointed to act as Chairman), R. K. Kea, and D. A.

Bramlett (appointed to act as Secretary). The purpose for the organization of a credit union was

to provide a means by which employees of Sonoco Products Company could save and borrow,

and eventually purchase their homes. The proposed name for the new organization was Sonoco

Employees' Federal Credit Union. The original office was located in the Personnel Building at

Sonoco Products Company.

The charter which supported the Credit Union was signed on October 17, 1941, by the individuals

listed above. J. Theodore Rutland, Acting Regional Representative of the Bureau of Federal Credit

Unions, approved the charter November 18, 1941.