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Federal Credit Union Act signed by FDR
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By Liz Davis
June 26, 2013 12:59 a.m.

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."

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