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:
“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
—Ralph Waldo Emerson (1803–1882)
“This is the greatest week in the history of the world since the Creation, because as a result of what happened in this week, the world is bigger, infinitely.”
—Richard M. Nixon (1913–1995)
“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)