Post Card from the CU Past

Published January 04, 2008, 1:00 a.m. EST

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Updated August 27, 2020, 1:28 a.m. EDT

1 Min Read

LOUISVILLE, Ky. - After reading an ad for credit unions in a March 1951 edition of Business Week, Martin F. Schmidt, president of the Coca-Cola Bottling Co., here, contacted CUNA headquarters in Madison, Wis., to find out how to start a credit union for the soft drink bottler’s employees. Schmidt’s memo reached CUNA field worker John Colby’s desk on March 4, and by March 11 Schmidt’s employees had voted unanimously to start their own credit union. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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