[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 556 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. RES. 556

 Recognizing the 75th anniversary of the passage of the Federal Credit 
   Union Act and the vibrant Federal credit union community that was 
      created as a result of this important piece of legislation.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 17, 2009

 Mr. Himes (for himself, Mr. Larson of Connecticut, and Mr. Kanjorski) 
submitted the following resolution; which was referred to the Committee 
                         on Financial Services

_______________________________________________________________________

                               RESOLUTION


 
 Recognizing the 75th anniversary of the passage of the Federal Credit 
   Union Act and the vibrant Federal credit union community that was 
      created as a result of this important piece of legislation.

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 the passage of the Federal Credit Union Act enabled credit unions to 
        play an instrumental role in helping hard-working people in the United 
        States recover after the Great Depression;
Whereas credit unions have continued to exemplify the American values of thrift, 
        self-help, and volunteerism, carving out a special place for themselves 
        among the Nation's financial institutions;
Whereas 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 credit unions continue to provide valuable services to their members, 
        financial alternatives for the underserved, and economic stimulus to our 
        Nation even as we face a financial crisis today; and
Whereas, June 26, 2009, will mark the 75th anniversary of the enactment of the 
        Federal Credit Union Act: Now, therefore, be it
    Resolved, That the House of Representatives recognizes the 75th 
anniversary of the passage of the Federal Credit Union Act and the 
vibrant Federal credit union community that was created as a result of 
this landmark piece of legislation.
                                 <all>