Credit Union History Part I - The Back Story
I recently taught a course in Financial Intermediaries. For the first time ever, I decided to focus large components of the course on the credit union movement. I am currently posting the historical components of that development in reverse order so that if you come upon this later, you just need to go straight through my posts to get them in order. I will edit these posts to remove this introductory comments so that you only read it at the top of my posts. I have found that credit union executives do not know the foundations of the movement of which they are a part. The board members don't know the legacy that is there. I hope that posting them here will help rebuild the great legacy that is part of the cooperative lending movement. I find that most credit union leaders know that the oldest ancestral institutions began in Germany. Few knew that what became the US credit union movement moved from Germany, through Italy and Cana...
