Federal Credit Union Act signed by FDR

June 26, 1934

Federal Credit Union Act signed by FDR

The Federal Credit Union Act was signed and approved by President Franklin D. Roosevelt on June 26, 1934, "to establish a Federal Credit Union System, to establish a further market for securities of the United States, and to make more available to people of small means credit for provident purposes through a national system of cooperative credit, thereby helping to stabilize the credit structure of the United States."

http://research.archives.gov/description/299841