Laborie Cooperative Credit Union was established in august 1976 and registered on 22nd May, 1981. The idea was born out of the recognition that the community needed to mobilize its financial and human resources on a self-help basis, for the development and improvement of the quality of life of the people of Laborie.

The Credit Union is administered by a Board of Directors, Credit Committee and Supervisory Committee elected by members at the annual general meeting. Members of all three committees serve without pay.