The idea was a system of cooperative credit, utilizing the credit unions or "people's banks" which had begun to spring up more than half a century earlier in Europe. The Texas Legislature passed one of the nation's first credit union laws during that very year of 1913, and a few pioneers tried to put the practical idea to use.
Bill Sloan is a respected military historian, former newspaper reporter/editor and author of more than a dozen books, including Brotherhood of Heroes: The Ultimate Battle. He lives in Dallas, Texas