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

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

		First credit union forms in Germany

		Credit unions spread to Canada

		First U.S. credit union law Birth of a movement

		Credit unions form across U.S.

		Organizers form 1,000th credit union

		Leaders create trade association

		Credit union serves school children

		Largest number of U.S. credit unions

		Congress authorizes credit union checking

		President Clinton signs the Credit Union Membership Act

		Credit unions grow in assets and technology

True or False: Andrew Jackson's home, The Hermitage, is a part of the Trail of Tears National Historic Trail. Click Andrew's head for the answer.

TRUE: Jackson was the president who signed the horrific Indian Removal Act into law. The National Park Service displays Jackson's home as a site on the trail where many Cherokee died from being displaced.

contributed by

Tom

Madison, WI

p. 1

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