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Credit Union History Timeline

Click on the years for highlights in credit union history:
1844 1852 1901 1909 1920 1930
1934 1957 1969 1980 1998 2000
2002 2007 2012
1861
Lincoln presidency, Civil War starts

1865
Civil War ends, Secret Service

1873
U.S. adopts Gold Standard

1874
First Impressionist exhibit

1875
Civil Rights Act

1876
Telephone invented

1879
Light bulb invented

1898
Spanish-American War

1909
Lincoln penny

1913
16th amendment, Federal Reserve Act

1914
Federal Trade Commission

1917
World War I start

1918
World War I end

1919
18th amendment

1920
19th amendment

1925
Scopes Monkey Trial

1929
Black Tuesday

1930
Business decline

1932
Washington/American Eagle quarter

1933
21st Amendment, FDIC created, Gold Standard ends

1934
Gold Reserve Act

1938
Fair Labor Standards Act, Jefferson nickel

1939
World War II begins

1945
World War II ends

1946
Baby Boom begins

1949
North Atlantic Treaty

1950
Korean War begins, first credit card

1953
Korean War ends

1957
In God We Trust

1958
First bank credit card

1964
Civil Rights Act, Vietnam war begins

1969
First ATM

1971
Price freeze ordered

1973
U.S. pulls troops out of Vietnam, smart card invented

1979
Inflation peak

1982
Unemployment peak

1983
Federal deficit peak

1990
Counterfeit deterrent

1991
Persian Gulf War

1996
"New" $100 bills

1997
"New" $50 bills

1998
"New" $20 bills, 50 State Quarter Program Act, budget surplus

First cooperative  Rochdale, first co-op
 
First credit union forms in Germany
 Germany, first CU
 
Credit unions spread to Canada
 Canada, first CU in N. America
 
First U.S. credit union law
Birth of a movement
 1st U.S. CU law in Massachusetts
 
Credit unions form across U.S.

 CUs spread across U.S.
 
Organizers form 1,000th credit union
 1000th CU formed in U.S.
 
Leaders create trade association
 CU leaders create national trade association
 
Credit union serves school children
 CU serves school children
 
Largest number of U.S. credit unions
 Number of U.S. CUs peaks
 
Congress authorizes credit union checking
 CU share drafts begin
 
President Clinton signs the Credit Union Membership Act
 CU Membership Act signed
 
Credit unions grow in assets and technology
 CUs become larger, more modern
 

True or False: Franklin always lived in Philadelphia, Pennsylvania. Click Ben's head for the answer.
FALSE: Franklin was born in Boston, Massachusetts. When he was 17 he had an argument with his brother and ran away. He eventually settled down to live in Philadelphia.


Madison, WI
WRITTEN BY:
Tom
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