The Farmers’ Bank of Rustico - The first credit union in North America?

The Canadian CED network

Yvon Poirier, January 2019

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Summary :

1The Farmers’ Bank of Rustico existed from 1864 to 1894 (The Bank received its charter in 1864 but had been operating informally since 1861). Located in Prince Edward Island, one of the 10 provinces of present-day Canada, this financial institution, entirely managed by farmers in this part of the Island, was situated in this Acadian (Francophone) parish.

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