banking queries

2001-10-24 Thread Jim Devine
when was the US system of postal savings accounts abolished? why? (When did it arise?) when did the US savings loan system arise? why did credit unions become popular and when? Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine

Re: banking queries

2001-10-24 Thread Michael Perelman
I believe that the SL's began during the depression. Previously, you had to pay off your loan with a giant balloon payment all at once at the end of the term of the loan. It proved disastous during the depression. On Wed, Oct 24, 2001 at 03:30:05PM -0700, Jim Devine wrote: when was the US