Excerpt from Cooperative Credit Societies (Credit Unions) In America and in Foreign Countries Schulze organized to Obtain funds. Raiffeisen organized to create a condition where outside credit could be Obtained at a minimum of cost. This credit is created out of the general knowledge of the character Of members and this is more easily attained in the small restricted area of O erations Of the Raiffeisen society than in the large unrestricted area 0 the Schulze organization. The Schulze societies borrow but little money as they Obtain nearly all they need in other ways. The Raiffeisen banks borrow heavily, and generally for long periods of time, from commercial banks willing to loan on the security of the combined credit of the members. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.