1984 Credit Union Act Of 1934 Plate Block of 4 20c Postage Stamps - MNH, OG - Sc# 2075
On February 10, 1984 in Salem MA; the USPS celebrated the 50th anniversary of the Credit Union Act enacted in 1934.T he purpose of the law was to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions. This Act established the federal credit union system and created the Bureau of Federal Credit Unions, the predecessor to the National Credit Union Administration, to charter and oversee federal credit unions. The general provisions in the Federal Act were based on the Massachusetts Credit Union Act of 1909, and became the basis of many other state credit union laws. Under the provisions of the Federal Credit Union Act, a credit union may be chartered under either federal or state law, a system known as dual chartering, which is still in existence today. The Act is amended periodically to evolve and remain a modern credit union law. This contemporary law, coupled with the NCUA Board's commitment to reduce regulatory burden, enables federal credit unions to offer a variety of services to meet the financial needs of their members. For example, in addition to basic passbook share savings accounts, many federal credit unions offer share drafts, share certificates, credit cards, and individual retirement accounts. In recent years, many have expanded their lending programs to include real estate, member business, and guaranteed student loans as well as the traditional consumer loans (primarily auto and signature loans). As technology evolves, more and more federal credit unions respond by offering transaction services by telephone and by personal computer via the internet.
These are real USPS postage stamps that are accepted by the USA Postal Service as payment for mail posted in the USA however the total rates on the stamps posted must equal or exceed the current appropriate postal mailing rate or extra postage must be paid.
The stamp set shown in the picture is a stock photo and is likely not a picture of the exact stamp set you will receive and it may differ in plate number and/or orientation. However the item you will receive will be similar including having a plate number (if one is present in the photos) and the same number of stamps. Stamps titled as MNH, OG will have no significant creases or unnatural gum disturbances unless otherwise noted.