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Modern credit union history dates to 1852 when Franz Hermann Schulze-Delitzsch consolidated the learning from two pilot projects one in Eilenburg and the other in Delitzsch in Germany into what are generally recognized as the first credit unions in the world. Learn about credit unions their location their policies visiting our site. Until the mid XX century credit unions in the United States had little assets that do not exceed as a rule 100 thousand dollars. The largest corporate credit union in the United States is U.S. Central Credit Union of Lenexa Kansas which serves as a central clearing house for other corporate credit unions and holds approximately $45.3 billion in assets. Learn about credit unions their location their policies visiting our site. Credit Unions often form cooperatives among themselves to provide services to members. A Credit Union Service Organization (CUSO) is generally a for-profit subsidiary of one or more credit unions formed for this purpose