The national role of credit unions Posted on August 28, 2017

The national role of credit unions

In the early 20th century, before there were credit unions in the United States, commercial banks only made loans to large businesses and the wealthy. As part of the “New Deal,” Congress passed the Federal Credit Union Act in 1934 to help stimulate the economy and bring the nation out of the Great Depression.

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  • Corvallis, OR 97339
  • Phone: 800-732-0173

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