A two-story brick building in neoclassical style, located at the corner of the block, faces south towards Soviet Street and west towards Lenin Street. Built in 1914 for the Mutual Credit Society, which began its activities on June 23, 1869.

The Society united representatives from various social strata of the city, such as nobles, merchants, and townspeople, as well as institutions, including county and district administrations. In 1871, the Society had 242 members with a capital of 116 thousand rubles, and by 1913, the number of members increased to 412, with a capital of 367 thousand rubles. In the 1870s and 80s, the chairman of the board was the county leader of the nobility D.V. Sadomtsev, and in the early 20th century, A.F. Ryzhkov.

In the early 20th century, this building also housed a musical and dramatic circle that brought together theater enthusiasts. During World War I, the circle organized charity evenings and concerts for the wounded in the hospitals of Borisoglebsk. From December 1914, the Public Assembly was also located here.

On July 7, 1918, a Communist club opened in the building. In 1918, paintings and a library from the estate of Prince S.M. Volkonsky in the village of Pavlovka were transferred here. Subsequently, valuable documents, including materials about the Decembrists, were transferred to the Rumyantsev Museum in Moscow. Club members organized concert-lectures. Composer V.P. Vishnevetsky, author of military marches, organized a children's music circle in 1919, based on which he soon created a music school and became its first director.

In December 1918 and January 1919, when the city was occupied by the troops of General A.K. Guselitsyn, arrested communists and their supporters were held in the building before execution.

The building has an L-shaped form with an entrance at the cut corner. The courtyard facade is complicated by two risalits, marking the stairwells. To the north and east, a brick fence with gates adjoins the building.

The decorative elements of the main facades are graphic. The first floor is covered with square rustication from the base to the inter-floor cornice. The second floor is divided by pilasters, and window sills are adorned with paneling. The rhythm of the divisions and the height accents of the facades reflect the internal structure of the premises. The central part of the western facade is accentuated by an attic and a frequent rhythm of windows. The southern facade with the main entrance, corresponding to the main hall, is slightly elevated. Above its cornice are brick columns and a straight attic. The openings in this part of the building are higher than the others and are separated by pilaster overlays. Above the entrance door at the cut corner is a balcony, and above the cornice, an attic. Between the attics and columns runs a metal grille with an original Art Nouveau pattern.

The facades facing the courtyard lack decorative elements, except for the inter-floor and crowning cornices.

The complex internal layout corresponds to the multifunctional structure of the building. The space is divided into groups of rooms with their own entrances. On the first floor, in the northern part, there are offices on both sides of the corridor. The second floor repeats this layout, which may indicate the location of a notary office. The eastern part of the building with the main entrance combines a large hall and a three-flight staircase. The hall is connected to a buffet and several rooms. The central part includes three large halls and several offices connected by a corridor. The second floor consists of three large halls, one of which is higher and better lit. Currently, part of the premises is divided by partitions.

The interiors have preserved floors made of colored tiles, ornate metal railings of the stairs, and panel doors in the spirit of late classicism.