Today’s trivia fun fact comes from George Hofheimer of the Filene Research Institute. I was talking to him for this story about how credit unions have been faring amid the economic tumult, when I asked if his outfit was affiliated with the Credit Union National Association, a trade group. They’re both on Mineral Point Road in Madison, I noted—pretty unlikely for there not to be a link. He laughed at my top-notch detective skill and explained that everyone who is anyone in credit unions is in Madison.
Back in the 1930s, when credit unions were just starting out, industry players were looking for a central location to plop down, and Madison, with its railroad, big land-grant university and ties to agriculture, seemed just right. Over the years, it became something of a stronghold. Now Madison is home to not only Filene and the CUNA, but also to the World Council of Credit Unions, the Credit Union Executives Society, and, of course, a whole mess of credit unions.
If you’re at a dinner party and want to impress people with that knowledge, I won’t be offended if I don’t get credit for having pointed it out.
Barbara!