Community Over Profit: The History and Power of Credit Unions
pplpod29 Dec 2025

Community Over Profit: The History and Power of Credit Unions

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!

In this episode, we explore the world of credit unions, which are member-owned, nonprofit financial cooperatives that offer services similar to commercial banks. We discuss how these institutions differ from banks by operating under a one-person-one-vote system where every member is also an owner, regardless of how much money they have invested. You will learn about the "not-for-profit" status of credit unions, which means their goal is to serve members rather than maximize profits, though they still must generate a surplus to ensure solvency.

We also trace the history of the movement, from 19th-century origins in Slovakia and Germany to the first North American credit union in Quebec and the first US branch in New Hampshire. The discussion highlights the stability of these institutions, noting that credit unions were two and a half times less likely to fail than banks during the 2008 financial crisis. Finally, we look at their massive global reach, representing over 274 million members across 118 countries as of 2018.

--------------------------------------------------------------------------------

Analogy: To understand the difference between a bank and a credit union, imagine the difference between renting an apartment and living in a housing co-op. In an apartment (a bank), you pay a landlord who keeps the profits. In a housing co-op (a credit union), you and your neighbors own the building together; any money you pay goes back into maintaining the building or lowering costs for everyone.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(16184)

The Art of Adult Friendship: Why Quality Matters More Than Quantity

The Art of Adult Friendship: Why Quality Matters More Than Quantity

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore how our understanding of friendship changes as we grow old...

9 Nov 18min

Summer Explained: The Science, History, and Traditions of the Warmest Season

Summer Explained: The Science, History, and Traditions of the Warmest Season

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore summer, the season most closely associated with sunshine, ...

7 Nov 18min

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the extraordinary life of Sir Patrick Stewart, the acclaim...

7 Nov 49min

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the life and career of Larry David, the comedian, writer, ...

6 Nov 38min

Why Australian Shepherds Aren't From Australia

Why Australian Shepherds Aren't From Australia

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the history of the Australian Shepherd, an intelligent, en...

5 Nov 45min

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the remarkable history of the Labrador Retriever, one of t...

4 Nov 53min

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore Ireland through the philosophy of slow travel: go slower, ...

3 Nov 48min

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!William McKinley Hutchins was born in Los Angeles in December 1944 and raised in Dallas, where h...

2 Nov 21min

Populärt inom Nöje

mellan-himmel-och-jord-med-jlc
filip-fredrik-svarar
husmodern-med-amanda-schulman
mardromsgasten
fordomspodden
podme-bio-4
dialogiskt
chilla-med-de-vet-du
rss-p3-musikdokumentar
fem-i-topp
badfluence
gott-snack-med-fredrik-soderholm
hemma-hos-strage
skandal
schulman-show
rss-made-in-sverige-podcast
mannen-utan-spar
rss-bl-metal-podcast
sexet
nordmark-pod