D+H

Credit Unions first began in rural Germany over 150 years ago. Local farmers, sorely beset by several years of drought and failed crops, began to lose their land to uncaring money lenders. Along with their land, they lost their only means of livelihood. The mayor of one small farming community organized a cooperative savings and lending association to help his villagers through this difficult period. He convinced them to pool their resources and make low interest loans to each other to get through the hard times. The plan worked, it worked very well. And the tiny cooperative evolved into the world's first Credit Union. The plan worked so well, in fact, that the Credit Union idea spread around the world and eventually turned into an international movement of people... In 1960 Castle Valley Federal Credit Union was established as a community chartered Credit Union. And in 1981 the name of the credit union changed to Desertview Federal Credit Union with the merge of Castle Valley Federal..

Primary location: Huntington United States