| |
| | Credit Union History Page (Site not responding. Last check: 2007-10-21) |
 | | He was a progressive thinker for his time-he had begun profit-sharing plans for his employees, instituted other novel fringe benefit programs, was the founder of the "bargain basement" idea in department store operation, allowed his employees to engage in collective bargaining and arbitration, established minimum wages for female workers, and advocated a five-day, 40-hour week. |
 | | By working cooperatively, both on the state and national levels, credit unions have achieved passage of virtually all legislation needed to compete successfully in today's marketplace, while fending off legislation that would adversely affect credit unions and their members. |
 | | There were 15,100 credit unions in the U.S. as of November, 1989, with more than 60 million members, $182 billion in savings, $135 billion in loans outstanding and $202 billion in assets. |
| www.cu.org /philosophy/cuhist.htm (2406 words) |
|