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Rural Credit Unions in Nine Midwestern and Great Plains States

Arthur H. Pursell

No 316214, Farmer Cooperative Research Report (FCRR) from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: This report covers the operation of rural credit unions in nine Midwestern and Great Plains States. It is the second in a series of studies by Farmer Cooperative Service on the operations of rural credit unions sponsored by regional cooperatives. The first dealt with the operations of such credit unions in Indiana. This report looks at the operation in the area served by the Consumers Cooperative Association (CCA), Kansas City, Mo. In its area, both farm supply cooperatives and credit union operations are of more recent origin and serve a different type of agriculture. The report summarizes briefly the methods by which a large regional farm supply cooperative has aided its member associations in their efforts to organize rural credit unions and examines the results obtained. Particular attention is given to Kansas, where growth and development have been most rapid. This study shows that where cooperatives and rural credit unions work together, the program of each supports and strengthens that of the other and members benefit from the improved services of each. It also points up the need for additional member education and member services, general improvement in operating efficiency, long-range planning and more organizing, and continued close cooperation on the part of cooperative and credit union officials in CCA region.

Keywords: Agribusiness; Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Pages: 32
Date: 1961-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersfc:316214

DOI: 10.22004/ag.econ.316214

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