131 pagesThis study deals with federal credit unions on a national basis. It attempts to answer such questions as the following: what is a federal credit union? Where does the Federal Credit Union stand, as a financial institution, in our present day economy? Are there economies of scale in the larger credit unions’ operations? Should there be a tax upon the earnings of federal credit unions similar to the tax upon earnings of other financial institutions (such as commercial banks and savings and loan associations)? For what purpose do credit unions lend? This study also analyzes Federal Credit Union growth and operations. It attempts to point out the significant changes that have taken place in the Federal Credit Union since 1934. The method of presentation in this study is both historical and statistical. And the analysis of statistical data the emphasis is predominantly on developments in recent years
