Dview.org - Member site for the Desert View Federal Credit Union, in Utah
Desertview Federal Credit Union
Excerpted from the website:
- drought and failed crops, began to lose their land to uncaring money lenders. Along with their land, they lost their only means of livelihood. The mayor of one small farming community organized a cooperative savings and lending association to help his villagers through this difficult period. He convinced them to pool their resources and make low interest loans to each other to get through the hard times. The plan worked, it worked very well. And the tiny cooperative evolved into the world’s first Credit Union. The plan worked so well, in fact, that the Credit Union idea spread around the world and eventually turned into an international movement of people.