Labor Banking and Finance Since 1920

Archive Report

Labor Banking and Finance Since 1920

The Mount Vernon Savings Bank, first labor bank in the United States, was opened at Washington, May 1920, by the International Association of Machinists. At the close of business, Saturday, May 14, 1927, when the bank was seven years old, it had deposits of $3,899,689, credited to more than 17,000 depositors, ...

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