In the early 1970s Larne was a relatively prosperous or perhaps relatively less deprived area in the area covered by Chapter 2 of the Irish League of Credit Unions. It had a busy port and road and rail connection to Belfast. It was the site of large engineering factories and better than average employment opportunities. The town was growing rapidly and there was an influx of new people coming in from outside the town to avail of the opportunities created. New homes and new schools were being built and with many young families to cater for there was a need for the financial services which a credit union could provide. It is possibly because of the relatively good employment opportunities in the area that the need for a credit union had not been as obvious in Larne as elsewhere. It is the case that many of the people who finally decided that a credit union was necessary were coming into the town from other places where credit unions had been established and where the benefits of membership were appreciated.