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Federal CU Act Passes: 1934

November 18, 2008
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A federal law passed in 1934—a year in which U.S. unemployment stood at 22% and dust storms in the Central Plains created the “Dust Bowl”—is behind much of the business-as-usual of today’s credit unions.   The 73rd Congress passed the Federal Credit Union Act June 16, 1934, and President Franklin...
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