On July 9, the Wall Street Journal Blogs quoted Pope Benedict XVI as saying:

“If love is wise, it can find ways of working in accordance with provident and just expediency, as is illustrated in significant ways by much of the experience of credit unions.”

Man, what an endorsement!

The Pope is originally from Germany, and it just so happens that credit unions originated in Germany in 1849.  The mayor of a small German town formed a credit society so that citizens could help themselves, rather than rely on the local land barons. Three years later, this credit society became a credit union…and the rest is history.

And in case you need a dictionary.com refresher, by saying “provident” and “expediency”,  the Pope is referring to the economical, advantageous, and unselfish nature of credit unions.

I don’t think we’ll see the Pope endorsing banks anytime soon.

This entry was posted on July 15, 2009 at 3:27 pm and is filed under Better than a Bank. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.