World Council of Credit Unions | World Council of Credit Unions
Latest News and Events| World Council of Credit Unions
Latest News and Events| World Council of Credit Unions
World Council of Credit Unions traces its roots to the humble beginning of credit unions in 19th century Europe. Franz Hermann Schulze-Delitzsch established the first credit unions in the 1850s in Germany to give those lacking access to financial services the opportunity to borrow from the savings pooled by themselves and their fellow members. Friedrich Wilhelm Raiffeisen transported the financial cooperative concept to rural Germany a decade later.| World Council of Credit Unions
