Credit Union Day - Trivia
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The world’s largest credit union is?
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Army Federal Credit Union
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Navy Federal Credit Union
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U.S. Marine Corps Federal Credit Union
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Celebrate Credit Union Day with our trivia quiz! Test your knowledge on the history and development of credit unions, including key dates and locations. This quiz enhances understanding of the financial sector's evolution, particularly credit unions.
Quiz Preview
- 2.
Who earned the title of Mother of Credit Unions in the United States?
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Loretta McGyver Herring
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Louise McCarren Herring
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Luann McMichaels Herring
Correct Answer
A. Louise McCarren HerringExplanation
Louise McCarren Herring earned the title of Mother of Credit Unions in the United States.Rate this question:
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- 3.
Who created the Credit Union National Extension Bureau – a forerunner of CUNA?
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A. Edwin Filene
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B. Edward Filene
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C. Eduardo Filene
Correct Answer
A. B. Edward FileneExplanation
Edward Filene created the Credit Union National Extension Bureau, which later became known as CUNA.Rate this question:
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- 4.
Which U.S. President signed the CU Act?
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Herbert Hoover
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Harry Truman
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Franklin D. Roosevelt
Correct Answer
A. Franklin D. RooseveltExplanation
Franklin D. Roosevelt signed the CU Act.Rate this question:
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- 5.
In which state was the first U.S. credit opened?
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New York
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Texas
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New Hampshire
Correct Answer
A. New HampshireExplanation
The first U.S. credit was opened in New Hampshire.Rate this question:
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- 6.
What woman helped establish hundreds of credit unions and programs for the poor?
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Doris Michaels
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Nora Daniels
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Dora Maxwell
Correct Answer
A. Dora MaxwellExplanation
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.Rate this question:
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- 7.
Congress passed the Federal Credit Union Act in what year?
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1933
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1934
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1935
Correct Answer
A. 1934Explanation
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.Rate this question:
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- 8.
The first U.S. credit union was formed in what year?
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1907
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1909
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1919
Correct Answer
A. 1909Explanation
The correct answer is 1909. This means that the first U.S. credit union was formed in the year 1909.Rate this question:
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- 9.
Which one is the real credit union?
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Financial Community Members Federal Credit Union
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Community Financial Members Federal Credit Union
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Members Financial Community Federal Credit Union
Correct Answer
A. Community Financial Members Federal Credit Union -
- 10.
The first credit union in North America was founded by Alphonse Desjardins in what year?
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1901
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1903
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1905
Correct Answer
A. 1901Explanation
The correct answer is 1901. This was the year when Alphonse Desjardins founded the first credit union in North America.Rate this question:
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- 11.
Credit unions can be found in how many countries?
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89
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97
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79
Correct Answer
A. 97Explanation
There are credit unions in 97 countries.Rate this question:
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- 12.
CUNA became a worldwide organization in what year?
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1958
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1959
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1960
Correct Answer
A. 1958Explanation
CUNA became a worldwide organization in 1958.Rate this question:
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- 13.
In 1864 Friedrich Wilhelm Raiffeisen founded the first rural credit union in what city in Germany?
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Heddesburg
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Berlin
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Heddesdorf
Correct Answer
A. Heddesdorf -
- 14.
There are how many credit union members in the world today?
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186 Million
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196 Million
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176 Million
Correct Answer
A. 186 MillionExplanation
The correct answer is 186 Million. This means that there are currently 186 million credit union members in the world today.Rate this question:
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- 15.
How many credit unions are currently participating in the Save to Win program?
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31
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29
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33
Correct Answer
A. 33Explanation
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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- 16.
How many credit union members have taken advantage of Invest In America since its launch?
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1.3 Million
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2.3 Million
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1.8 Million
Correct Answer
A. 1.3 MillionExplanation
Since its launch, 1.3 million credit union members have taken advantage of Invest In America.Rate this question:
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- 17.
By 1920 there were how many credit unions in the United States?
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over 1000
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nearly 1,600
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780
Correct Answer
A. over 1000Explanation
By 1920, the number of credit unions in the United States had exceeded 1000.Rate this question:
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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?
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800
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4,000
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8, 000
Correct Answer
A. 8, 000Explanation
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.Rate this question:
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- 19.
Please indicate your Main Office
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Lansing
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Livonia
Explanation
This question is asking for the indication of the main office location, and the correct answer is "Lansing".Rate this question:
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- 20.
Please include your name in case you are the winner!
Quiz Review Timeline (Updated): Sep 9, 2024 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Sep 09, 2024Quiz Edited by
ProProfs Editorial Team -
Oct 19, 2010Quiz Created by
Shaygilstrap