[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 658 Introduced in House (IH)]







110th CONGRESS
  1st Session
H. RES. 658

   Supporting the goals and ideals of Federal Credit Union Month and 
recognizing the importance of Federal credit unions to the economy, and 
        their critical mission in serving those of modest means.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 2007

   Mrs. Maloney of New York (for herself and Mr. Walsh of New York) 
submitted the following resolution; which was referred to the Committee 
                         on Financial Services

_______________________________________________________________________

                               RESOLUTION


 
   Supporting the goals and ideals of Federal Credit Union Month and 
recognizing the importance of Federal credit unions to the economy, and 
        their critical mission in serving those of modest means.

Whereas, on June 26, 1934, President Franklin Roosevelt signed into law the 
        Federal Credit Union Act, thus enabling credit unions to be organized 
        throughout the United States under the charters approved by the Federal 
        Government;
Whereas Federal credit unions were chartered as uniquely democratic economic 
        organizations, founded on the principle that persons of good character 
        and all backgrounds, including those of modest means, joining together 
        in cooperative spirit and action, can promote thrift, create a source of 
        credit for productive purposes, and build a better standard of living 
        for themselves;
Whereas Federal credit unions have consistently met those purposes and 
        exemplified the traditional American values of thrift, self-help, and 
        volunteerism, carving out a special place for themselves among the 
        Nation's financial institutions;
Whereas Federal credit unions operate with the credo ``Not for profit, not for 
        charity--but for service'' and have consistently reflected this 
        philosophical tradition and the cooperative spirit of ``people helping 
        people'' that gave birth to the Federal Credit Union Act;
Whereas there are over 5,000 Federal credit unions in the United States serving 
        nearly 50,000,000 Americans in all 50 States; and
Whereas September 2007 has been designated as Federal Credit Union Month: Now, 
        therefore, be it
    Resolved, That the House of Representatives--
            (1) supports the goals and ideals of Federal Credit Union 
        Month; and
            (2) recognizes the importance of Federal credit unions to 
        the economy, and their critical mission in serving those of 
        modest means.
                                 <all>