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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 ...
By 1939 every province in Canada had a credit union movement and a legal framework to guide it. Bergengren wrote in 1940 that "out of the Nova Scotia experience has come a new and most valuable study club technique that will have a far reaching effect on the whole future of the credit union movement."
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 ...
In 1908, Filene and Massachusetts banking commissioner Pierre Jay, helped organize public hearings on creating credit union legislation in Massachusetts. [11] The Massachusetts Credit Union Act of 1909 was the first comprehensive credit union law in the United States, and would serve as a model for the Federal Credit Union Act of 1934.
Fr. Marion M. Ganey, S.J., (1904–1984) was an American Catholic priest, member of the Society of Jesus (Jesuits), and missionary to British Honduras, Central America, from 1937 to 1953, where he was instigator of the credit union and cooperatives movement. He became increasingly prominent in this movement, being invited to the Fiji Islands in ...
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