Millville Savings and Loan Association

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Millville Savings and Loan Association
One Savings Place,
PO Box 190,
Millville, NJ 08332
Phone: (856) 825-0809
Fax (856) 327-4695

Business Hours
Lobby Hours
Mon.-Wed. 8:30am-3:00pm
Thu. 8:30am-4:00pm
Fri. 8:30am-6:00pm
Sat. 8:30am-12:00pm

Drive Thru Hours
Mon.-Fri. 8:30am-6:00pm
Sat. 8:30am-12:00pm

Millville Savings and Loan Association was formed when five building and loan associations were merged with assets totaling $387,174. The following are the five building and loan associations that merged: Columbia Perpetual Building and Loan, Hope Building and Loan, Institute Building and Loan, Protected Building and Loan, and Security Perpetual Building and Loan. The first meeting was held on June 2, 1941 at the offices of Reeves and Melvin, 224 North High Street, Millville, NJ 08332. Clarence Reeves, better known as "Ki," was elected President. Fourteen directors were present.

Business transacted included granting five loans totaling $8,200. The mission of the newly founded association was to encourage home ownership and to promote saving. In October 1941, a contract was awarded to Raymond Goodwin for the construction of an office building at 219 North High Street. The cost was not to exceed $9,500. The office building, costing $9,107, was open for business March 20, 1942. The staff consisted of an Executive Secretary and a teller/ stenographer.