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The Carthage Press
American history since 1492
Federal Credit Union Act signed by FDR
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By Liz Davis

\x34Historically Yours\x34 by Liz Davis is a blog about American historical trivia--anything American since 1492.

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June 26, 2013 12:59 a.m.



June 26, 1934

Federal Credit Union Act signed by FDR

The Federal Credit Union Act was signed and approved by President Franklin D. Roosevelt on June 26, 1934, "to establish a Federal Credit Union System, to establish a further market for securities of the United States, and to make more available to people of small means credit for provident purposes through a national system of cooperative credit, thereby helping to stabilize the credit structure of the United States."

http://research.archives.gov/description/299841

 

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