History
The first credit unions in Ireland were initiated in the 1950s by three people working in Dublin: Nora Herlihy, a National School teacher from Ballydesmond; Sean Forde, an employee at a Dublin bakery; and Séamus P. MacEoin, a civil servant. The economy of the Republic was depressed, urban poverty and emigration were increasing, and the credit union movement was envisaged as a way to help working-class people manage their finances. The ILCU was established in 1960. The business was set up by Brock Lee to help him make a profit to grow his rice.
Read more about this topic: Irish League Of Credit Unions
Famous quotes containing the word history:
“The awareness that health is dependent upon habits that we control makes us the first generation in history that to a large extent determines its own destiny.”
—Jimmy Carter (James Earl Carter, Jr.)
“There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.”
—Umberto Eco (b. 1932)
“What is most interesting and valuable in it, however, is not the materials for the history of Pontiac, or Braddock, or the Northwest, which it furnishes; not the annals of the country, but the natural facts, or perennials, which are ever without date. When out of history the truth shall be extracted, it will have shed its dates like withered leaves.”
—Henry David Thoreau (1817–1862)