The associated with credit unions originated inside the uk. It was in 1844 that her group of weavers in Rochdale formed the Rochdale Society of Equitable Forerunners. It was formed to buy goods at wholesale prices promote them to members at lower in contrast to the retail market rate. The funds were raised by selling shares to consumers. The movement came to Canada in 1901 does not stop was a huge success. Attracted by the success in Canada, the first credit union in the United Staes was established in 1908.
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