"On this day, June 26, 80 years ago, Congress had passed the Federal Credit Union Act and President Roosevelt signed it into law," Credit Union National Association Interim President/CEO Bill Hampel observed in a statement marking the occasion. "It set federal oversight in place and provided for the development of credit unions as a way to promote thrift among the American people. Now, 80 years later, there are more than 6,600 independent, consumer-owned, volunteer-led, democratically controlled credit unions, vital to the well-being of their nearly 100 million members," he noted.