Article: A Credit Union Timeline.(Credit Unions in America: The Golden Anniversary)(Diary entry)

1844: Rochdale Society of Equitable Pioneers, a group of 28 weavers, opens a cooperative store. Its Rochdale Principles will become the basic operating principles for co-ops around the world.

1846-48: Famine in Germany, other issues prompt both Friedrich Raiffeisen and F. Hermann Schulze-Delitzsch to organize cooperative enterprises, including "people's banks."

1860: Edward A. Filene born in Salem, Mass.

1864: Heddesdorf CU organized in Germany along lines of Raiffeisen cooperatives.

1866: Luigi Luzzatti opened the first cooperative bank in Milan, Italy.

1888: Freidrich Raiffeisen dies.

1895: Leo Shapiro, known as ...

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