For the people
1909-2009: A century of credit unions
America was car-crazy, though its roads were still just rutted wagon tracks. The Hollywood star hadn’t yet been created, and our heroes were explorers, scientists, Teddy Roosevelt and the Wright brothers.
In Michigan, Henry Ford was creating the American middle class by offering pay and benefits that other factory owners complained amounted to socialism.
Meanwhile, beneath the gilded dome of the Massachusetts State House, lawmakers were taking another step to help the Everyman. No one imagined that the little-noticed Massachusetts Credit Union Act of 1909 would become a model for similar acts passed in other states, as well as 1934’s Federal Credit Union Act.
Legislators who voted for the act had no idea they were starting a movement that in its first century would grow to 8,000 U.S. credit unions with more than 90 million member-owners. STCU is proud to be a part of that history, helping Americans achieve their financial goals.
To learn more, watch the centennial video produced by the National Credit Union Association.
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This credit union is federally insured by the National Credit Union Administration. Unlimited protection on non-interest checking. |