Just a few miles east of Lake Winnipesaukee in Tuftonboro sits the quiet neighborhood known as North Country Village. Founded in 2001, the resident-owned community features 57 manufactured housing park sites covering 83 acres, a meeting hall and a scenic pond.
Traynor Cully, MVSB Assistant Vice President, Commercial Loan Officer, worked closely with Pete Billings, Cooperative Board of Directors President, to bring the Bank’s community banking tools and lending resources to North Country Village.
“We have been working with a larger national bank for several years, but they struggled to offer the local community support and banking tools we needed,” said Pete. “Our main focus is looking out for our residents, and Traynor has brought in local expertise and peace of mind so we can stay focused on other projects.”
The seven-member Cooperative is made up of volunteer community residents who pride themselves on offering a clean and quiet neighborhood for those who call North Country Village home. They manage it on a nonprofit basis, which offers affordability for low- and moderate-income individuals and families.
Last year, the Cooperative secured grant funding through the Town of Tuftonboro and a loan from the State of New Hampshire to completely overhaul the drinking water facilities. A loan and three more grants are being sought to complete the drinking water facilities, provide another well and develop a completely new wastewater system. When all this is completed, the final step is to repave the roads in North Country Village.
“Working with the members in the North Country Village Cooperative has been a wonderful experience and we are proud to serve their banking needs,” said Traynor. “MVSB is honored to work and invest in local organizations that improve the lives of those that live in the Lakes Region.”