America's Credit Union Museum
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America's Credit Union Museum
America's Credit Union Museum is located in Manchester, New Hampshire, on the site of the first credit union founded in the United States. The museum is housed at the original location for St. Mary's Cooperative Credit Association, renamed in 1925 to La Caisse Populaire Ste.-Marie, or "Bank of the People", St. Mary's. In 1996, the building was listed on the National Register of Historic Places as the Building at 418–420 Notre Dame Ave. What is now the museum was formerly a three-story, three-family dwelling belonging to Joseph Boivin, the manager of the St. Mary's Cooperative Credit Association. Boivin started the credit union with the help of Monsignor Pierre Hevey and Alphonse Desjardins. The building was donated to the museum by Mr. & Mrs. Armand Lemire. To create the museum, the first two floors were converted into exhibit space about credit union history in the United States. The first floor pays tribute to the founding era of the credit union from 1908 to 1933. The second ...
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Manchester, New Hampshire
Manchester is a city in Hillsborough County, New Hampshire, United States. It is the most populous city in New Hampshire. At the 2020 census, the city had a population of 115,644. Manchester is, along with Nashua, one of two seats of New Hampshire's most populous county, Hillsborough County. Manchester lies near the northern end of the Northeast megalopolis and straddles the banks of the Merrimack River. It was first named by the merchant and inventor Samuel Blodgett, namesake of Samuel Blodget Park and Blodget Street in the city's North End. His vision was to create a great industrial center similar to that of the original Manchester in England, which was the world's first industrialized city. History The native Pennacook people called Amoskeag Falls on the Merrimack River—the area that became the heart of Manchester—''Namaoskeag'', meaning "good fishing place". In 1722, John Goffe, John Goffe III settled beside Cohas Brook, later building a dam and sawmill at what was ...
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List Of New Hampshire Historical Markers (201–225)
This page is one of a series of pages that list New Hampshire historical markers. The text of each marker is provided within its entry. __NOTOC__ Markers 201 to 225 . Jonathan Chesley 1736–1826 :Town of Barnstead "This patriot and civic leader rests in a nearby grave on land he once farmed. In 1764 he contracted to build Barnstead's portion of the Province Road. On December 14-15, 1774 he participated in raids on the British Fort William and Mary in New Castle capturing needed munitions for the Patriot Militia at the Battle of Bunker Hill. During the Revolution he was an army quartermaster providing critical logistical support to feed, clothe and equip the Continental Army. Following the war, Chesley served as selectman, state representative and delegate to the 1784 state convention that ratified the U.S. Constitution." . The Enfield Shakers :Town of Enfield "Founded in 1793, Enfield Shaker Village was the 9th of the original Shaker communities established in the U.S. At ...
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History Museums In New Hampshire
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ...
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Numismatic Museums In The United States
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals and related objects. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods. The earliest forms of money used by people are categorised by collectors as "Odd and Curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as cowry shells, precious metals, cocoa beans, large stones, and gems. Etymology First attested in English 1829, the word ''numismatics'' comes from the adjective ...
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Museums In Manchester, New Hampshire
A museum ( ; plural museums or, rarely, musea) is a building or institution that cares for and displays a collection of artifacts and other objects of artistic, cultural, historical, or scientific importance. Many public museums make these items available for public viewing through exhibits that may be permanent or temporary. The largest museums are located in major cities throughout the world, while thousands of local museums exist in smaller cities, towns, and rural areas. Museums have varying aims, ranging from the conservation and documentation of their collection, serving researchers and specialists, to catering to the general public. The goal of serving researchers is not only scientific, but intended to serve the general public. There are many types of museums, including art museums, natural history museums, science museums, war museums, and children's museums. According to the International Council of Museums (ICOM), there are more than 55,000 museums in 202 countries ...
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Credit Unions Based In New Hampshire
Credit (from Latin verb ''credit'', meaning "one believes") is the Trust (social sciences), trust which allows one Party (law), party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making Reciprocity (social and political philosophy), reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of Goods and services, goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "be ...
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Credit Unions Of The United States
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past ...
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Edward Filene
Edward Albert Filene (September 3, 1860 – September 26, 1937) was an American businessman and philanthropist. He is best known for building the Filene's department store chain and for his decisive role in pioneering credit unions across the United States. Early life Born in Salem, Massachusetts, Edward was one of five children of William Filene (born May 8, 1830) and Clara Ballin (born December 13, 1833). Both his parents were German Jewish immigrants, his father from Posen, Prussia, and his mother was born in Segnitz, Bavaria. William immigrated to the US in 1848 after abandoning law school in Berlin. It was some time in the 1850s that William and Clara met while Clara was visiting relatives in Hartford, Connecticut. They married in New York City. As "a peddler, chiefly of women’s apparel" William built up a company composed of several small retail shops.Stillman, YankiEdward Filene: Pioneer of Social Responsibility. ''Jewish Currents.'' September 2004. In 1865, at the ...
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Pierre Hevey
Pierre Hevey (October 21, 1831 – March 21, 1910) was a Canadian-born American priest, and second pastor of Ste. Marie Church in Manchester, New Hampshire, in the early 20th century. He played a key role in the establishment of the first credit union in the United States on November 24, 1908, to help his parishioners save money and access credit at a reasonable cost. Hevey was born on October 21, 1831, in Quebec, Canada. He died on March 21, 1910, in the McGregorville neighborhood of Manchester. See also *History of credit unions * New Hampshire Historical Marker No. 208: St. Mary's Bank Credit Union / La Caisse Populaire Sainte-Marie ;People *Attorney Joseph Boivin * Edward Filene * Alphonse Desjardins ;Places *America's Credit Union Museum * Ste. Marie Church (Manchester, New Hampshire) *Sainte Marie Roman Catholic Church Parish Historic District The Sainte Marie Roman Catholic Church Parish Historic District, located in the city of Manchester, New Hampshire, United Sta ...
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History Of Credit Unions
Credit unions are not-for-profit financial cooperatives. In the early stages of development of a nation's financial system, unserved and underserved populations must rely on risky and expensive informal financial services from sources like money lenders, ROSCAs and saving at home. Credit unions proved they could meet demand for financial services that banks could not: from professional, middle class and poorer people. Those that served poorer urban and rural communities became an important source of microfinance. The first working credit union models sprang up in Germany in the 1850s and 1860s, and by the end of the 19th Century had taken root in much of Europe. They drew inspiration from cooperative successes in other sectors, such as retail and agricultural marketing (see history of the cooperative movement). Similar institutions were independently developed somewhat earlier in Japan, in the early 19th century, by agrarian reformer and economist Ninomiya Sontoku. In this vill ...
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Sainte Marie Roman Catholic Church Parish Historic District
The Sainte Marie Roman Catholic Church Parish Historic District, located in the city of Manchester, New Hampshire, United States, includes seven red brick buildings dating from the late 19th century and 20th century. The district was placed on the National Register of Historic Places in September 2019. Included within the district are: * Holy Angels School and Convent, built in 1885. This building contains the Ste. Marie Child Care Center on the lower floors and the meeting space for the Youth Ministry on the top floors. * Ste. Marie Church, built during the 1890s, which houses four bells from Louviers, France, and features a spire * Marist Brothers Home, built in 1905. This building is now known as St. Joseph Residents, and houses the sisters of Daughters of Mary, Mother of Healing Love * Sisters Home and convent, built in 1907. This building contains the Parish Offices, meeting rooms, and a perpetual adoration chapel. * Rectory building, built in 1911 * Hevey School, built ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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