The stagnation experienced by the workers of the "silver roll" who worked in the former Canal Zone as a result of discriminatory employment policies fostered Demo deplorable living conditions and the absence of significant economic partner program and the absence of an institution solve financial credit needs of these employee of "silver roll" that forced employees to fall into the hands of loan sharks who charged high interest rates for the little money they lent.
None of the established local banks either in the Canal Zone, Panama or Colon consider this loan to employees. In this adverse situation the idea to organize a Savings and Credit Cooperative under the direction of Don Foster Bournes first president and carrying the number one book of the cooperative. As a result of is efforts, in September 1948, the Department of Savings and Credit Cooperative in Washington DC, constituted the five Cooperative Savings and Credit for each of the communities where employees live silver roll is, Christopher, cove, Paradise, Gamboa and Gatun.
The October 18, 1948 is issued Federal Law No. personality. 5850 which officially created the Christopher Federal Credit Union. Dated October 1979 and in accordance with the laws of the Republic of Panama five Panamanian Cooperatives received their personality and Christopher Federal Credit Union became the Savings and Credit Cooperative Christopher, RL.