Crofton, Stephanie O.; Dopico, Luis G.; Wilcox, James A. - In: Essays in economic & business history : the journal of … 38 (2020) 1, pp. 38-69
From their beginnings in 1908, credit unions have differed from banks. One fundamental difference was that share accounts in credit unions, unlike bank deposits, were not debt. Credit unions could delay and discount payments. Thus, during the Great Depression, when thousands of banks failed, no...
