Tag Archives: Cristobal-Federal-Credit-Union

The Cooperative Movement is Founded in Panama’s Silver Townships

This is the remarkable Mr. Foster Bournes who, at last reading, had celebrated his 103rd birthday and still going strong

Cristobal Credit Union's Logo upon their 61st Anniversary in 2009

Image of entrance to the Cristobal Credit Coop around 1950

by Lydia M. Reid

Following the important victory in 1947, a few months later Mr. Harold B. Wright, an Afro-American and a regional sub-director with the Bureau of Federal Credit Union attached to the Federal Security Agency headquartered in Atlanta, Georgia, was sent to Panama to guide and assist in the organization of this new entity that would establish cooperative banking in Panama. Continue reading