It was 80 years ago today that President Franklin Roosevelt signed the Federal Credit Union Act. The birth of credit unions in our nation was intended to balance the credit structure in our nation’s economy. Today, credit unions are an increasingly important segment of our nation’s financial services industry. We often wonder if President Roosevelt realized then what a gift he was giving to Americans and what a legacy he was leaving.
This anniversary is important, but it’s not the only milestone we will achieve this summer. At some point in the next few months, the credit union movement will be 100 million members strong. Thank you for your membership!