Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA celebrates 75th anniversary today
WASHINGTON and MADISON, Wis. (8/10/09)--Today the Credit Union National Association (CUNA) is blowing out 75 birthday candles. It was Aug. 10, 1934, when CUNA's Constitution and Bylaws were signed in Estes Park, Colo., less than two months after the Federal Credit Union Act was signed and 25 years after the nation's first credit union was established.
Click for slide show These pioneers of the U.S. credit union movement met at Estes Park, Colo., Aug. 8 -10, 1934 to form a national association--today's Credit Union National Association. Its constitution and bylaws were signed on Aug. 10. (Photos provided by CUNA)
"Seventy-five years ago, an extraordinary group of credit union pioneers held a 'meeting of the minds' in Estes Park, Colo., about a national association that would enhance the movement throughout the land and help it become self-reliant," said CUNA President/CEO Dan Mica. "Ultimately, 52 delegates from 21 states and the District of Columbia exchanged views in a 'constitutional convention' of sorts. Over four full days, the delegates debated (sometimes in heated terms), cooled off in the mountain air, and debated again," Mica said. Mica noted that historians wrote years later: "Most of those present felt a deep sense of satisfaction at having at last developed the organizational framework for an association which hopefully would advance the credit union movement to new heights of usefulness and service. "Today, it is an honor for all of us at CUNA to continue the work set out by those leaders three-quarters of a century ago. Our focus is completely on advancing this great movement to new heights--through leadership, advocacy and services," Mica said. "Next month, when the CUNA Board meets in Estes Park as a tribute to our organization's founders, all will have 75 years of credit union progress on our minds--and a determination to ensure the next 75 years of progress and prosperity for credit unions," Mica concluded. For a highlighted history of the movement's progress, use the link.


RSS print
News Now LiveWire
Need an #ICUDay focus? Try fundraising for charities, says @WOCCU #NewsNow http://t.co/M1OUjImOIu
29 minutes ago
#NewsNow: NJ-based money services business fined for repeated #BSA violations. http://t.co/6or7wDbomL
1 hours ago
#NewsNow: Wal-Mart to issue EMV MasterCards within next few weeks. http://t.co/9csqwhFEdB
1 hours ago
#UMich consumer confidence index bounces back in August http://t.co/LJ1l7mk4Ty
2 hours ago
IPSOS survey: Canada's #creditunions top for member service 10th consecutive year @CanadianCentral http://t.co/dSipMd4qnz
2 hours ago