The Farmers' Bank of Rustico - the First Credit Union in North America?

<p>The concept of a cooperative was not yet well known, as the first cooperative was the one in Rochdale, Great Britain. For the Francophones, the concept appeared a few years later in France. There was obviously no legislation on the subject yet. Nevertheless, according to the testimonies and writings of historians, it operated according to the major modern cooperative principles.&nbsp;</p>