Louise McCarren Herring
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Louise McCarren Herring
Louise McCarren Herring (September 20, 1909 – November 2, 1987), was an Ohio native, recognized as one of the pioneer leaders of the not-for-profit cooperative credit union movement in the United States. Herring is universally regarded in the United States credit union movement as being the “Mother of Credit Unions” for her work with the movement since its earliest days. Herring was one of the attendees at the 1934 Estes Park, Colorado, meeting that established the Credit Union National Association (better known as CUNA). Also attending the Estes Park meeting were Edward Filene, Claude Clark, and Dora Maxwell. Herring’s commitment to the value of credit unions elevated her to national leader of the movement. Herring is credited with helping to establish five hundred credit unions and was a supporter of the dual share insurance system, helping to establish the private National Deposit Guaranty Corporation, which is now known as American Share Insurance (ASI). Prior to h ...
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Ohio
Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The state's capital and largest city is Columbus, with the Columbus metro area, Greater Cincinnati, and Greater Cleveland being the largest metropolitan areas. Ohio is bordered by Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Ohio is historically known as the "Buckeye State" after its Ohio buckeye trees, and Ohioans are also known as "Buckeyes". Its state flag is the only non-rectangular flag of all the U.S. states. Ohio takes its name from the Ohio River, which in turn originated from the Seneca word ''ohiːyo'', meaning "good river", "great river", or "large creek". The state arose from the lands west of the Appalachian Mountai ...
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American Share Insurance
American Share Insurance (ASI) is a private corporation which insures shares (deposits) in some state chartered credit unions in the United States. ASI was established in 1974 as the Ohio Credit Union Shareholders Guaranty Association, changing its name several times until it adopted the name American Share Insurance in 1991. It is the largest privately owned insurance corporation for credit unions. ASI is headquartered in Dublin, Ohio. Coverage Credit unions carrying ASI’s private insurance must state that funds deposited in the credit union are insured by a private organization, and that no government or government entity guarantees accounts in that particular credit union. ASI also offers Excess Share Insurance to subscribing state and Federal credit unions which protects member share accounts from $250,000 to $500,000. This product is used by credit unions which have National Credit Union Share Insurance Fund The National Credit Union Share Insurance Fund provides d ...
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1987 Deaths
File:1987 Events Collage.png, From top left, clockwise: The MS Herald of Free Enterprise capsizes after leaving the Port of Zeebrugge in Belgium, killing 193; Northwest Airlines Flight 255 crashes after takeoff from Detroit Metropolitan Airport, killing everyone except a little girl; The King's Cross fire kills 31 people after a fire under an escalator Flashover, flashes-over; The MV Doña Paz sinks after colliding with an oil tanker, drowning almost 4,400 passengers and crew; Typhoon Nina (1987), Typhoon Nina strikes the Philippines; LOT Polish Airlines Flight 5055 crashes outside of Warsaw, taking the lives of all aboard; The USS Stark is USS Stark incident, struck by Iraq, Iraqi Exocet missiles in the Persian Gulf; President of the United States, U.S. President Ronald Reagan gives a famous Tear down this wall!, speech, demanding that Soviet Union, Soviet leader Mikhail Gorbachev tears down the Berlin Wall., 300x300px, thumb rect 0 0 200 200 Zeebrugge disaster rect 200 0 400 200 ...
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1909 Births
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipk ...
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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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Cooperative Development Foundation
The Cooperative Development Foundation (CDF) is a 501(c)(3) charitable organization engaged in cooperative development in the United States. CDF administers revolving loan funds, provides grants, and fosters economic development through the formation of cooperatives. CDF is partnered with the National Cooperative Business Association. History The Cooperative Development Foundation was founded in 1944 as The Freedom Fund. The organization initially assisted in the development and reconstruction of cooperatives in Europe after World War II. CDF wrote the check that created the Cooperative for American Remittances to Europe which provided economic relief for Europe. The Freedom Fund changed its name to the Cooperative Development Foundation in the 1980s and turned its focus to domestic cooperative development, though it still supports international efforts. Programs CDF administers the Kagawa Fund, a fund providing gap financing to housing cooperatives, and the Jacob Kaplan Fu ...
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Cooperative Hall Of Fame
The Cooperative Hall of Fame recognizes individuals from the United States who have made outstanding contributions to cooperatives. The Hall of Fame was established in 1974 and is administered by the Cooperative Development Foundation. Nominations from the cooperative community are reviewed yearly by two committees composed of cooperative leaders. The committees make recommendations to the Board of Directors of National Cooperative Business Association (NCBA), who make the final decision. The Cooperative League of the USA (now the NCBA) announced a Hall of Fame at its 29th biennial conference in San Francisco. The Cooperative Hall of Fame and Historical Society was established in 1974. By 1990, 64 people were inducted in the Hall. The Hall is located at NCBA's headquarters in Washington, D.C. As of 2012, there are 153 inductees, dubbed "heroes" by the Hall. Inductees See also *Credit unions in the United States *History of the cooperative movement The history of the cooperative m ...
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National Cooperative Business Association
The National Cooperative Business Association (NCBA) is a United States membership organization for cooperatives, which are businesses that are jointly owned and democratically controlled. The association was founded in 1916 as the Cooperative League of the United States of America. Its founding president was medical doctor James Peter Warbasse, who served in that role until 1941. NCBA members include some well-known United States consumer brands, such as Ace Hardware, True Value, Nationwide Insurance, Cabot Creamery, Organic Valley, Land O'Lakes, and CHS Inc. History In 1922, the League trademarked the twin pines symbol used to represent North American cooperatives. "The pine tree is an ancient symbol of endurance and immortality. The two pines represent mutual cooperation—people helping people." In its first few decades, it focused on consumer cooperation, and published a monthly magazine, "''Co-operation''". After Warbasse, later presidents included: Murray B. Lincoln ...
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Ohio Credit Union System
The Ohio Credit Union System is an Ohio-based United States, American trade association for credit unions. The Ohio Credit Union System is composed of the Ohio Credit Union League (a credit union league), the Ohio Credit Union Foundation (a non-profit organization), OCULPAC (a lobbying organization), and OCUL Services Corp., a service & solutions supplier for credit unions. OCUS credit unions have over 2.6 million members and $16.9 billion in deposits and include both federal credit unions and credit unions chartered by Ohio. OCUS is governed by a board of directors elected by its member credit unions. OCUS headquarters have been in Cincinnati, Ohio (1934-1945), Columbus, Ohio (1945-1998), Dublin, Ohio (1998-2008), and moved back to Columbus, Ohio, in 2008. Under OCUS, the State of Ohio is divided into thirteen chapters, with affiliated credit unions assigned to the chapters based on their geographic location. In 2006, OCUS entered a four-year partnership with World Council of Credi ...
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National Deposit Guaranty Corporation
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator gui ...
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Cincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio's largest metropolitan area and the nation's 30th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Throughout much of the 19th century, it was among the top 10 U.S. cities by population, surpassed only by New Orleans and the older, established settlements of the United States eastern seaboard, as well as being the sixth-most populous city from 1840 until 1860. As a rivertown crossroads at the junction of the North, South, East, and West, Cincinnati developed with fewer immigrants and less influence from Europe than Ea ...
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