Credit Union Day - Trivia

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| By Shaygilstrap
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Shaygilstrap
Community Contributor
Quizzes Created: 1 | Total Attempts: 455
Questions: 20 | Attempts: 457

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Credit Quizzes & Trivia

Celebrating International Credit Union Day - 2010


Questions and Answers
  • 1. 

    Please include your name in case you are the winner!

  • 2. 

    Please indicate your Main Office

    • A.

      Lansing

    • B.

      Livonia

    Explanation
    This question is asking for the indication of the main office location, and the correct answer is "Lansing".

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  • 3. 

    In 1864 Friedrich Wilhelm Raiffeisen founded the first rural credit union in what city in Germany?    

    • A.

      Heddesburg

    • B.

      Berlin

    • C.

      Heddesdorf

    Correct Answer
    C. Heddesdorf
  • 4. 

    The first credit union in North America was founded by Alphonse Desjardins in what year?  

    • A.

      1901

    • B.

      1903

    • C.

      1905

    Correct Answer
    A. 1901
    Explanation
    The correct answer is 1901. This was the year when Alphonse Desjardins founded the first credit union in North America.

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  • 5. 

    In which state was the first U.S. credit opened? 

    • A.

      New York

    • B.

      Texas

    • C.

      New Hampshire

    Correct Answer
    C. New Hampshire
    Explanation
    The first U.S. credit was opened in New Hampshire.

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  • 6. 

    The first U.S. credit union was formed in what year? 

    • A.

      1907

    • B.

      1909

    • C.

      1919

    Correct Answer
    B. 1909
    Explanation
    The correct answer is 1909. This means that the first U.S. credit union was formed in the year 1909.

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  • 7. 

    By 1920 there were how many credit unions in the United States?

    • A.

      over 1000

    • B.

      nearly 1,600

    • C.

      780

    Correct Answer
    A. over 1000
    Explanation
    By 1920, the number of credit unions in the United States had exceeded 1000.

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  • 8. 

    Who created the Credit Union National Extension Bureau – a forerunner of CUNA?    

    • A.

      A. Edwin Filene

    • B.

      B. Edward Filene

    • C.

      C. Eduardo Filene

    Correct Answer
    B. B. Edward Filene
    Explanation
    Edward Filene created the Credit Union National Extension Bureau, which later became known as CUNA.

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  • 9. 

    CUNA became a worldwide organization in what year?    

    • A.

      1958

    • B.

      1959

    • C.

      1960

    Correct Answer
    A. 1958
    Explanation
    CUNA became a worldwide organization in 1958.

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  • 10. 

    What woman helped establish hundreds of credit unions and programs for the poor?   

    • A.

      Doris Michaels

    • B.

      Nora Daniels

    • C.

      Dora Maxwell

    Correct Answer
    C. Dora Maxwell
    Explanation
    Dora Maxwell is the correct answer because she was a woman who played a significant role in establishing numerous credit unions and programs for the poor. Her efforts helped to provide financial services and assistance to those in need, improving their economic conditions and empowering them to become financially independent.

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  • 11. 

    Who earned the title of Mother of Credit Unions in the United States?     

    • A.

      Loretta McGyver Herring

    • B.

      Louise McCarren Herring

    • C.

      Luann McMichaels Herring

    Correct Answer
    B. Louise McCarren Herring
    Explanation
    Louise McCarren Herring earned the title of Mother of Credit Unions in the United States.

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  • 12. 

    Congress passed the Federal Credit Union Act in what year?  

    • A.

      1933

    • B.

      1934

    • C.

      1935

    Correct Answer
    B. 1934
    Explanation
    The correct answer is 1934. The Federal Credit Union Act was passed by Congress in 1934. This act allowed for the creation of federal credit unions, which are financial institutions that are owned and operated by their members. The act aimed to promote thrift and provide access to credit for individuals and small businesses. It also established the National Credit Union Administration (NCUA) to regulate and supervise federal credit unions.

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  • 13. 

    Which U.S.  President signed the CU Act?    

    • A.

      Herbert Hoover

    • B.

      Harry Truman

    • C.

      Franklin D. Roosevelt

    Correct Answer
    C. Franklin D. Roosevelt
    Explanation
    Franklin D. Roosevelt signed the CU Act.

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  • 14. 

    The world’s largest credit union is? 

    • A.

      Army Federal Credit Union

    • B.

      Navy Federal Credit Union

    • C.

      U.S. Marine Corps Federal Credit Union

    Correct Answer
    B. Navy Federal Credit Union
    Explanation
    Navy Federal Credit Union is the correct answer because it is the largest credit union in the world. It serves members of the U.S. military and their families, including those in the Army, Navy, Marine Corps, Air Force, and Coast Guard. With over 10 million members and billions of dollars in assets, Navy Federal Credit Union has a strong presence and offers a wide range of financial services to its members.

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  • 15. 

    There are how many credit union members in the world today?  

    • A.

      186 Million

    • B.

      196 Million

    • C.

      176 Million

    Correct Answer
    A. 186 Million
    Explanation
    The correct answer is 186 Million. This means that there are currently 186 million credit union members in the world today.

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  • 16. 

    Credit unions can be found in how many countries?    

    • A.

      89

    • B.

      97

    • C.

      79

    Correct Answer
    B. 97
    Explanation
    There are credit unions in 97 countries.

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  • 17. 

     How many credit union members have taken advantage of Invest In America since its launch? 

    • A.

      1.3 Million

    • B.

      2.3 Million

    • C.

      1.8 Million

    Correct Answer
    A. 1.3 Million
    Explanation
    Since its launch, 1.3 million credit union members have taken advantage of Invest In America.

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  • 18. 

    How many Right at Home DVDs have been distributed to credit unions and their members to provide financial answers to home ownership? 

    • A.

      800

    • B.

      4,000

    • C.

      8, 000

    Correct Answer
    C. 8, 000
    Explanation
    The correct answer is 8,000. This means that a total of 8,000 Right at Home DVDs have been distributed to credit unions and their members to provide financial answers to home ownership.

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  • 19. 

    Which one is the real credit union?                  

    • A.

      Financial Community Members Federal Credit Union

    • B.

      Community Financial Members Federal Credit Union

    • C.

      Members Financial Community Federal Credit Union

    Correct Answer
    B. Community Financial Members Federal Credit Union
  • 20. 

    How many credit unions are currently participating in the Save to Win program?    

    • A.

      31

    • B.

      29

    • C.

      33

    Correct Answer
    C. 33
    Explanation
    The correct answer is 33. This means that there are currently 33 credit unions participating in the Save to Win program.

    Rate this question:

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