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Roy F. Bergengren (June 14, 1879 – November 11, 1955) was an American attorney and pioneer of the United States credit union movement. Hired by Edward Filene in July 1921 to head the Credit Union National Extension Bureau, [2] Bergengren carried out an ambitious legislative agenda that resulted in the enactment of the Federal Credit Union Act, the creation of the Credit Union National ...
Born in Salem, Massachusetts, Edward was one of five children of William Filene (born May 8, 1830) and Clara Ballin (born December 13, 1833). Both his parents were German Jewish immigrants, [1][2] his father from Posen, Prussia, and his mother was born in Segnitz, Bavaria. William immigrated to the US in 1848 after abandoning law school in Berlin.
When Bergengren started what he referred to as his "crusade" in 1921, there were only 199 credit unions in the U.S. By 1925, 15 states had passed credit union laws and 419 credit unions were serving 108,000 members. The collaboration between Bergengren and Filene, and the work of the Extension Bureau, proved very effective.
And just like with a traditional brick-and-mortar bank or credit union, your deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union ...
Casting a wider net to cover credit union, online bank and community bank accounts makes more sense, McBride says. Comparing brokerage checking accounts Here’s a rundown of some of the best ...
Roy Bergengren, director of Credit Union National of America, dedicated his book, Credit Union North America to A.B. MacDonald, who he describes as "an extraordinary organizer and an inspired leader who is known in every city, town and fishing hamlet throughout the length and breadth of the province".
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