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- Federal_Credit_Union_Act abstract "The Federal Credit Union Act is an Act of Congress enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National Credit Union Administration, to charter and oversee federal credit unions. The general provisions in the Federal Act were based on the Massachusetts Credit Union Act of 1909, and became the basis of many other state credit union laws. Under the provisions of the Federal Credit Union Act, a credit union may be chartered under either federal or state law, a system known as dual chartering, which is still in existence today. Credit union law in the U.S. built on earlier legislation such as that developed by Franz Hermann Schulze-Delitzsch in Germany and Alphonse Desjardins in Canada. Among the individuals responsible for formulating credit union legislation in the United States were Edward Filene, Pierre Jay and Roy Bergengren.The Act is amended periodically to evolve and remain a modern credit union law. This contemporary law, coupled with the NCUA Board's commitment to reduce regulatory burden, enables federal credit unions to offer a variety of services to meet the financial needs of their members. For example, in addition to basic passbook share savings accounts, many federal credit unions offer share drafts, share certificates, credit cards.".
- Federal_Credit_Union_Act wikiPageExternalLink 700.
- Federal_Credit_Union_Act wikiPageExternalLink fcu_act.pdf.
- Federal_Credit_Union_Act wikiPageID "6265747".
- Federal_Credit_Union_Act wikiPageRevisionID "586837883".
- Federal_Credit_Union_Act hasPhotoCollection Federal_Credit_Union_Act.
- Federal_Credit_Union_Act subject Category:1934_in_law.
- Federal_Credit_Union_Act subject Category:Credit_unions_of_the_United_States.
- Federal_Credit_Union_Act subject Category:History_of_banking_in_the_United_States.
- Federal_Credit_Union_Act subject Category:New_Deal.
- Federal_Credit_Union_Act subject Category:United_States_federal_banking_legislation.
- Federal_Credit_Union_Act type Abstraction100002137.
- Federal_Credit_Union_Act type CreditUnion108234628.
- Federal_Credit_Union_Act type CreditUnionsOfTheUnitedStates.
- Federal_Credit_Union_Act type DepositoryFinancialInstitution108420278.
- Federal_Credit_Union_Act type FinancialInstitution108054721.
- Federal_Credit_Union_Act type Group100031264.
- Federal_Credit_Union_Act type Institution108053576.
- Federal_Credit_Union_Act type Organization108008335.
- Federal_Credit_Union_Act type SocialGroup107950920.
- Federal_Credit_Union_Act type YagoLegalActor.
- Federal_Credit_Union_Act type YagoLegalActorGeo.
- Federal_Credit_Union_Act type YagoPermanentlyLocatedEntity.
- Federal_Credit_Union_Act comment "The Federal Credit Union Act is an Act of Congress enacted in 1934. The purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National Credit Union Administration, to charter and oversee federal credit unions.".
- Federal_Credit_Union_Act label "Federal Credit Union Act".
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- Federal_Credit_Union_Act sameAs Q5440173.
- Federal_Credit_Union_Act sameAs Q5440173.
- Federal_Credit_Union_Act sameAs Federal_Credit_Union_Act.
- Federal_Credit_Union_Act wasDerivedFrom Federal_Credit_Union_Act?oldid=586837883.
- Federal_Credit_Union_Act isPrimaryTopicOf Federal_Credit_Union_Act.