Podcast
Questions and Answers
Who organized the first cooperative credit society known as the people’s bank?
Who organized the first cooperative credit society known as the people’s bank?
- Friedrich Raiffeisen
- Edward Filene
- Alphonse Desjardins
- Herman Schulze-Delitzsch (correct)
What was the primary aim of the Heddesorf Credit Union organized by Friedrich Raiffeisen in 1864?
What was the primary aim of the Heddesorf Credit Union organized by Friedrich Raiffeisen in 1864?
- To address the need for credit during a crop failure and famine
- To provide affordable credit to working class families
- To help German farmers purchase livestock, equipment, seeds, and other farming needs (correct)
- To promote the development of credit unions
Who organized the first credit union in North America to provide affordable credit to working class families?
Who organized the first credit union in North America to provide affordable credit to working class families?
- Herman Schulze-Delitzsch
- Alphonse Desjardins (correct)
- Pierre Jay
- Edward Filene
Which individual hired Roy Bergengren to manage the Massachusetts Credit Union Association and promote the development of credit unions?
Which individual hired Roy Bergengren to manage the Massachusetts Credit Union Association and promote the development of credit unions?
When did President Franklin Delano Roosevelt sign the Federal Credit Union Act into law?
When did President Franklin Delano Roosevelt sign the Federal Credit Union Act into law?
What is the main purpose of credit unions?
What is the main purpose of credit unions?
Where did the earliest financial cooperatives originate?
Where did the earliest financial cooperatives originate?
What is the focus of the CUxEL Protégé Competition Exam?
What is the focus of the CUxEL Protégé Competition Exam?
What is the role of the NCUA in relation to credit unions?
What is the role of the NCUA in relation to credit unions?
What defines credit unions as depository institutions?
What defines credit unions as depository institutions?
What is the primary goal of the CUxEL Protégé Competition Exam?
What is the primary goal of the CUxEL Protégé Competition Exam?
Which country saw the earliest formation of financial cooperatives?
Which country saw the earliest formation of financial cooperatives?
What distinguishes credit unions from other depository institutions?
What distinguishes credit unions from other depository institutions?
Where can additional information about Credit Union history and facts be found?
Where can additional information about Credit Union history and facts be found?
In what year did credit unions start providing financial services to their members in the United States?
In what year did credit unions start providing financial services to their members in the United States?
What distinguished early credit unions organized by Herman Schulze-Delitzsch and Friedrich Raiffeisen?
What distinguished early credit unions organized by Herman Schulze-Delitzsch and Friedrich Raiffeisen?
What was the primary motivation behind the organization of the Heddesorf Credit Union by Friedrich Raiffeisen in 1864?
What was the primary motivation behind the organization of the Heddesorf Credit Union by Friedrich Raiffeisen in 1864?
What led Alphonse Desjardins to organize La Caisse Populaire de Levis, the first credit union in North America?
What led Alphonse Desjardins to organize La Caisse Populaire de Levis, the first credit union in North America?
What role did Edward Filene and Massachusetts Banking Commissioner Pierre Jay play in the development of credit unions in the United States?
What role did Edward Filene and Massachusetts Banking Commissioner Pierre Jay play in the development of credit unions in the United States?
What significant event occurred in 1934 in relation to the development of credit unions in the United States?
What significant event occurred in 1934 in relation to the development of credit unions in the United States?
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