Union of Mutual Farmer Savings Societies

Zväz roľníckych vzájomných pokladníc
(Union of Mutual Farmer Savings Societies)
The establishment of a Czecho-Slovak Republic was followed by radical reorganization of the country's lending system (1919-1924), which produced "mutual farmer savings societies" associated in the Union of Mutual Farmer Savings Societies. The first Roľnícka vzájomná pokladnica opened in Dolny Kubin on May 11, 1924. In 1948, these savings societies were converted into a new type of cooperative, forming a system of District Savings Banks and local Savings Banks. The Union of Mutual Farmer Societies became the Ludove penazne ustredie (Popular Financial Centre). A valuable aid in researching this era of popular finance are some 40 meters of written records left behind by the Union of Mutual Farmer Savings Societies. Other vestiges of popular banking practices are found in the records of Zivnozvaz (Entrepreneurs Union 1925-1948), Ustredne druzstvo (Central Cooperative 1925-1949) and Ludove penazne ustredie (Popular Financial Centre 1949-1950).
Statutes of the Mutual Farmer Savings Society in Mytna, 1934
Statutes of the Mutual Farmer Savings Society in Mytna, 1934