U.S. Census Bureau Daily Feature for June 27: Credit Where It's Due

USA Profile Username: jon@newsinnovations.com / edit profile U.S. Census Bureau Daily Feature for June 27: Credit Where It's Due PR Newswire WASHINGTON, June 27, 2016 WASHINGTON, June 27, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau: CREDIT WHERE IT'S DUE Profile America — Monday, June 27th. Consumers' options for managing their finances were greatly broadened this week in 1934, after President Roosevelt signed the Federal Credit Union Act the day before, promoting the nationwide formation of credit unions. These differ from banks by being member-owned and controlled. Credit unions are nonprofit institutions where groups of people can save, borrow, and obtain other financial services. There are nearly 18,500 credit unions in the U.S., employing more than a quarter million people. These establishments range from a small cooperative for a single church or factory, to those that serve employees of giant corporations. By contrast, there are more than 97,000 commercial banking establishments in America's $3.6 trillion finance and insurance sector of the economy. You can find more facts about America from the U.S. Census Bureau online at www.census.gov. Sources: Credit Union act/accessed 4/12/2016: http://www.investopedia.com/financial-edge/0609/on-this-day-in-finance-june-26---federal-credit-union-act-signed.aspx  Credit unions/NAICS 522130: http://factfinder.census.gov/bkmk/table/1.0/en/BP/2013/00A1//naics~522130  Commercial banking/NAICS 522110: http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_00A1&prodType=table  Finance & insurance/NAICS 52: http://factfinder.census.gov/bkmk/table/1.0/en/ECN/2012_US/00A1//naics~52 Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu).  Logo - http://photos.prnewswire.com/prnh/20110428/DC91889LOGO   SOURCE U.S. Census Bureau CONTACT: Rick Reed, 301-763-2812; or e-mail: richard.thomas.reed-at-census.gov Web Site: http://www.census.gov Follow Us To change the settings for your profile(s) or email delivery, go to https://prnmedia.prnewswire.com/profile/?action=editProfile and select the profile you would like to edit. You can select the industries, subjects, languages, geographical areas, companies, delivery options and delivery frequencies of your choice. In addition to current press releases, you can also find archived news, corporate information, photos, tradeshow news and much more on the PR Newswire for Journalists website: https://prnmedia.prnewswire.com To contact us, email: mediasite@prnewswire.com Please do not reply to this email; this is an automatically generated message. Copyright © PR Newswire Association LLC. All Rights Reserved. A UBM plc company. Our mailing address is: 350 Hudson Street, Suite 300 New York, NY 10014-4504