ICUL Service Corporation

Illinois Credit Union Hall of Fame

Harold E. McArthur 
Inducted 4/96

McArthur left a magnificent legacy behind upon his death at the age of 74 in his Waukegan home on January 9, 1964. He had the distinction of being the first league director from the Thomas W. Doig Chapter.

He organized the Waukegan (now Lake County) Postal Credit Union in 1928, the first credit union in Lake County. McArthur served as president of that credit union and was the first president of the Thomas W. Doig Chapter. McArthur retired from his position as superintendent of the financial division at the Waukegan Post Office after 46 years.

On the national front, McArthur served as vice chair and vice president of CUNA. McArthur retired in May just before his death. He was a director of Cumis Insurance, the Central Credit Union of Illinois and the Credit Union Share Guaranty Corporation. All of the positions he held were on a voluntary basis.

McArthur is most remembered for his involvement in organizing credit unions among postal workers. McArthur is truly a person who belongs in the Illinois Credit Union Hall of Fame.

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