Rural Credit Unions of the United States

Excerpts from the report: Rural credit unions have made material contributions to the capital and credit needs of many rural communities and provided a systematic means of organized savings for some 258,000 members. This report describes the nature and extent of rural credit unions in the United States. Statistical data is based on information assembled for the Farmer Cooperative Service by CUNA International (formerly Credit Union National Association) and on earlier FCS studies. Data indicate that 670 rural credit unions were operating in the United States at the end of 1963. These credit unions provided services to members and employees of farmer cooperatives, members of farm organizations and rural churches, residents of rural communities, and other rural groups. Rural credit unions are, to a considerable extent, concentrated in the North Central States. However, 1 or more rural credit unions are located in all except 4 of the 50 States.