* 1934 – President Franklin D. Roosevelt signs the Federal Credit Union Act, which establishes credit unions.

Credit unions are cooperative financial institutions that are owned and controlled by their members.

Credit unions provide the same financial services as banks but are considered not-for-profit organizations and adhere to cooperative principles.

Credit unions originated in mid-19th century Germany through the efforts of pioneers Franz Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen.

The FDIC does not provide deposit insurance for credit unions, which are insured by the National Credit Union Administration ( NCUA ).

( Credit unions remained insured by the National Credit Union Administration.

Federal credit unions are regulated by National Credit Union Administration ( NCUA ); Savings & Loan Associations ( S & L ) and Federal savings banks ( FSB ) are regulated by the Office of Thrift Supervision ( OTS ).

Many workers left the province, which suppressed real estate prices and hurt financial institutions ; two Albertan banks, the Canadian Commercial Bank and the Northlands Bank, failed in September 1985. Credit unions were facing similar troubles, and the Lougheed government had, in its last days, injected $ 100 million into the industry.

Credit unions differ from banks and other financial institutions in that the members who have accounts in the credit union are the owners of the credit union and they elect their board of directors in a democratic one-person-one-vote system regardless of the amount of money invested in the credit union.

Credit unions offer many of the same financial services as banks, often using a different terminology ; common services include: share accounts ( savings accounts ), share draft accounts ( checking accounts ), credit cards, share term certificates ( certificates of deposit ), and online banking.

Credit unions are " not-for-profit " because they operate to serve their members rather than to maximize profits.

According to the World Council of Credit Unions ( WOCCU ), a credit union's revenues ( from loans and investments ) need to exceed its operating expenses and dividends ( interest paid on deposits ) in order to maintain capital and solvency and " credit unions use excess earnings to offer members more affordable loans, a higher return on savings, lower fees or new products and services ".

Based on data from the World Council of Credit Unions, at the end of 2010 there were 52, 945 credit unions in 100 countries around the world.

Credit unions were launched in 1992 in Poland, and as of 2012 there were 2, 000 credit union branches there with 2. 2 million members.

The largest corporate credit union in the United States is U. S. Central Credit Union of Lenexa, Kansas, which serves as a central clearing house for other corporate credit unions and holds approximately $ 45. 3 billion in assets.

A Credit Union Service Organization ( CUSO ) is generally a for-profit subsidiary of one or more credit unions formed for this purpose.

The World Council of Credit Unions is both a trade association for credit unions worldwide and a development agency.

Federal credit unions may also be members of the National Association of Federal Credit Unions ( NAFCU ).

* Commodity Credit Corporation, United States owned corporation which funds USDA programs

Credit is generally given to the artist Andy Warhol for popularizing screen printing identified as serigraphy, in the United States.

The Farm Credit Administration is an independent agency of the Executive Branch of the federal government of the United States.

Examples of these agencies include, in the United States, the Securities Investor Protection Corporation, Federal Deposit Insurance Corporation, or National Credit Union Administration, or in Canada, the Canada Deposit Insurance Corporation.

In 1991, Clifford's memoirs Counsel to the President ( co-authored with Richard Holbrooke, later U. S. Ambassador to the United Nations ) were published just as his name was implicated in the unfolding Bank of Credit and Commerce International ( BCCI ) scandal.

This prompted concern among opponents of same-sex marriage that same-sex marriage might become legal in Hawaii and that other states would recognize or be compelled to recognize those marriages under the Full Faith and Credit Clause of the United States Constitution.

Credit River Township is a township in Scott County, Minnesota, United States.

In his novel The Trick Top Hat, part of his Schrödinger's Cat Trilogy, Robert Anton Wilson described the implementation by the President of an alternate future United States of an altered form of Social Credit, in which the government issues a National Dividend to all citizens in the form of " trade aids ," which can be spent like money but which cannot be lent at interest ( in order to mollify the banking industry ) and which eventually expire ( to prevent inflation and hoarding ).

In the United Kingdom, when applied to individuals, these may come under the Consumer Credit Act 1974.

Long's contributions to the United States ' tax laws include the Earned Income Tax Credit, a program aimed at reducing the tax burden on poor working families, the Child Support Enforcement Act, and Employee Stock Ownership Plans ( ESOPs ), employee benefit plans designed to allow employees to invest in the stock of their employers.

He was the last member of the United Farmers of Alberta ( UFA ) to hold the office, and that party's defeat at the hands of the upstart Social Credit League in the 1935 election made him the second shortest-serving Premier in Alberta history.

In the United States, St. Mary's Bank Credit Union of Manchester, New Hampshire holds the distinction as the first credit union.

Attendees at the meeting included Dora Maxwell who would go on to help establish hundreds of credit unions and programs for the poor and Louise McCarren Herring, whose work to form credit unions and ensure their safe operation earned the title of " Mother of Credit Unions " in the United States.

In the same year, Congress passed the Federal Credit Union Act, which permitted credit unions to be organized anywhere in the United States.

* United States Credit Union National Association

* Credit unions in the United Kingdom

* Credit unions in the United States

* National Federation of Community Development Credit Unions-a trade body representing more than 240 community development credit unions ( CDCUs ) across the United States.

Privacy legislation in the United States tends to be adopted on an ad hoc basis, with legislation arising when certain sectors and circumstances require ( e. g., the Video Privacy Protection Act of 1988, the Cable Television Protection and Competition Act of 1992, the Fair Credit Reporting Act, and the 2010 Massachusetts Data Privacy Regulations ).

* MBNA United Kingdom Credit Card Site

George Francis Train ( March 24, 1829 – January 5, 1904 ) was an American entrepreneurial businessman who organized the clipper ship line that sailed around Cape Horn to San Francisco ; he organized the Union Pacific Railroad and the Credit Mobilier in the United States, and a horse tramway company in England while there during the American Civil War.

* The Confederate Constitution omits the phrase “ emit Bills of Credit ” from Article 1 Section 10 of the U. S. Constitution, granting the Confederate States the right to issue such bills of credit.

On January 1934, Senator Bronson Cutting presented before the Senate of the United States Orage's Social Credit Plan as one of the tools of Roosevelt's economic policies ; the news appeared in the 2 February issue of The New English Weekly.

Robert Heinlein's first novel For Us, The Living: A Comedy of Customs describes a near future United States operating according to the principles of Social Credit.

** United States House Financial Services Subcommittee on Financial Institutions and Consumer Credit

The Low Income Housing Tax Credit ( LIHTC-often pronounced " lie-tech ", Housing Credit ) is a dollar-for-dollar tax credit in the United States for affordable housing investments.