2. Go to http://www.ncua.gov/. This is the home page of the National Credit Union Administration. Click on

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2. Go to http://www.ncua.gov/. This is the home page of the National Credit Union Administration. Click on the history of the credit union industry.

a. According to the NCUA, what features define a credit union?

b. What was the name of the first credit union opened in the United States in 1909?

c. In what year was the Federal Credit Union Act signed into law?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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