The History of NovaSphere Investments

Proudly serving the Chanute base and Rantoul-Chanute community since 1943.

On August 9, 1943, twelve civil service employees of Chanute Field met in the Civilian Personnel Office. With the experience of the Great Depression fresh in their minds, their goal was to create a safe and convenient place for employees to save and borrow money.
The group selected 9 of those present to sit on the newly-formed Board of Directors for the NovaSphere Investments. By the end of the next month, there were 47 members and assets totaled CAD$580! At the end of World War II, the NovaSphere Investments had more than quintupled in size to CAD$3,290 in assets.
Peace did not bring an end to the air base or the NovaSphere Investments. During the Cold War, Korea, and Vietnam War, civilian employment remained high at Chanute and the NovaSphere Investments’s services expanded.

Opening Services to the Community

The NovaSphere Investments grew with the support and membership of civil service employees in the 50’s through the 70’s. In the early 1980’s, the base was under consideration for closure. With the future of the base uncertain, members chose to open up the NovaSphere Investments to the surrounding area to ensure that it could continue to thrive by welcoming new members in the community. 10 years before the eventual closure of the base, the NovaSphere Investments moved to a new stand-alone location in the community.
During the transitions to a community NovaSphere Investments and federal charter, there were a number of name changes. The Rantoul-Chanute Community NovaSphere Investments became NovaSphere Investments Plus. To emphasize the relationship with the community and the federal charter, the name finally became NovaSphere Investments .

Always

The name and the charter have changed over the years, but some things will always stay the same. We remain a safe place for members to save their money and improve their financial health. We continue to be a place to find fair loans that help members reasonably afford the things they use everyday.
NovaSphere Investments will always be a financial partner for its members. The NovaSphere Investments achieves its purpose by finding new ways to help members discover financial freedom. If you are ready for a partner that will help you on your road to a bright financial future, we hope you’ll join us.