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Accession number A2003.016
Collection A.I.C. Credit Union Business
Title The A.I.C. Credit Union Collection
Catalog Number A2003.016
Object Name Documents
Credit line Collection of the AAMI - Courtesy of Emma Turner
Physical characteristics Boxed documents span five linear feet.
Dates of Creation 1938-1940
Access Conditions These papers are open for research.
Copyrights no known restrictions
Scope & Content The A.I.C. Credit Union Collection papers date from 1938 to 1940 and measure 5 linear inches. The papers are arranged in 1 series: A.I.C. Credit Union Business Collection. Collection has official records of establishment such as its Certificate of Organization as well as board resolutions, correspondence, reports and so on.

Biographical History On June 11, 1938 George Turner and other African Americans applied for permission to organize a credit union. The result was the Associated Iowa Club of Cedar Rapids Credit Union. The board's resolution described the union as a "boy scout knife," that could be used for "an infinite number of purposes." The credit union's main purpose was to help their members get ahead, and prepare properly for their future, particularly for their older years. The credit union was a thrift agency, and provided a plan for making savings of small amounts on a regular basis.

Existing documents indicate that the credit union ceased to exist after 1940. Although little is known about the credit union's history, is it likely that the start of World War II led to its demise.
Finding Aids Box no.___Description__________
Box 1
A.I.C. Credit Union
Account at United States Bank, 1938-1939
Certificate of Organization, 1938
Board Resolutions
Education and Expanding Service, undated
Reference Volume, undated
Untitled, undated
1938-1939, undated
Customer Forms, undated
Deposit Slips, 1938-1940
Dividend Worksheet, 1939
Insurance Policy, 1938
Meeting Minutes, 1938-1939
Oaths of Office, 1938-1940
Annual Report to the Superintendent of Banking, 1939-1939
Report of Earnings, Dividends, and Statutory Reserve and/or
Fund, 1938 and 1940
Supervisory Committee Report, 1938-1939 and undated
Cuna Mutual Society, 1939-1940
Iowa Credit Union League, 1938-1940 and undated
Board of Directors Meeting, 1940
Tenth Annual Meeting, May 5-7, 1939
Eleventh Annual Meeting, May 3-5, 1940
Newsletters, 1938-1940

Subjects Business & finance
Search Terms Cedar Rapids
Financial records
Records - Business
A.I.C. Credit Union
Businesses - African American Owned
African American business owners
Credit unions
People Turner, Emma
Turner, George
Baker, Lawrence
Chipley, Granville H.
Crank, Suejette F.
Ampey, Naomi
Wilson, George
Reasby, Henry
Brown, Frances E.
Johnson, M. F.
Ampey, David
Loftus, M. G.
Bates, D. W.
Classification Business & Commerce
Organizations & Clubs