Franz Hermann Schulze-Delitzsch, also Hermann Schulze, was a German politician and economist. He was responsible for the organizing of the world's first credit unions. He was also co-founder of the Ge
Schulze-Delitzsch in 1863, Leipzig.
Stamp commemorating Schulze-Delitzsch's 150th birthday.
German stamp commemorating Schulze's 200th birthday.
Memorial for Schulze-Delitzsch in downtown Berlin.
Bond of association
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The bond of association or common bond is the social connection among the members of credit unions and co-operative banks. Common bonds substitute for collateral in the early stages of financial syste
Franz Hermann Schulze-Delitzsch
…subject, and this too was chiefly the work of Schulze-Delitzsch. As a member of the Chamber in 1867 he was mainly instrumental in passing the Prussian law of association, which was extended to the North German Confederation in 1868, and later to the empire. Schulze-Delitzsch also contributed to uniformity of legislation…
These millworkers chartered the first credit union in British Columbia. Powell River, Canada, 1939.