The conclusion of our five-part history of credit unions takes us to a head-to-head confrontation with the banking industry in the 90s and the impact of the Great Recession on credit unions.
Part 4 of this credit union history series explores the formation of the National Credit Union Association in 1970, the rapid growth of credit union assets over the course of the next decade, and the changes in credit union services and policies that would lead to a confrontation with the banking industry…
Part 3 of this credit union history series explores the formation of the Federal Credit Union Act in 1934, the rapid growth of credit unions nationwide in the decades to follow and sets us up for the emergence of an independent governing agency for credit unions, which had been passed around between four different supervisory agencies!
We continue from part 1 of our History of Credit Unions series by following credit unions from their origins in Europe to how they got their start in Canada and eventually the United States. Who lead the way? Find out here!
Have you worked in the credit union industry long, but have no clue how it started here in the US? Look no further than this new series exploring the history of credit unions, where they got their start, and how they came to represent over one hundred million members in the US alone.