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MVSB’s Traynor Cully Brings Community Banking Support to Nonprofit Cooperative

08/15/2023 2:55 PM | Bonnie McNair (Administrator)

Tuftonboro, NH - 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.”

MVSB has been serving the essential banking needs of people, businesses, nonprofits and municipalities for over 150 years. As a mutual savings bank, MVSB has no stock-holders but rather operates for the benefit of its customers, employees and community. Since our founding, one thing has always remained true: caring is at the heart of everything we do. By building and nurturing relationships, we believe that we can cultivate a community where we all thrive. It all starts with caring about our customers and neighbors. To learn more, visit any of the local branch offices located in New Hampshire in Alton, Ashland, Center Harbor, Gilford, Laconia, Melvin Village, Meredith, Moultonborough, Plymouth, Portsmouth, Rochester or Wolfeboro, call 800.922.6872 or visit .Traynor Cully, MVSB Assistant Vice President, Commercial Loan Officer (left), stands at North Country Village in Tuftonboro with Cooperative Directors Nancy Lemieux, Treasurer, Pete Billings, President, Dick Howe, Operations Manager, and Gail Perry, Membership Chairwoman. Absent were Rose Lacefield, Secretary, Dennis O’Brien, Vice-President, and Bob Dean, Member At Large. Courtesy Photo


The Falls Chamber of Commerce is a professional association of businesses in  the falls area.  We are the catalyst that facilitates business growth , prosperity, partnership and success for our members. 



Bonnie McNair, Executive Director
office hours by appointment: 472 High Street, Somersworth NH 03878


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