To bring self-reliance of the people of Christian community during early fifties, an American Missionary Priest Fr. Charles J. Young C.S.C. introduced Credit Union in Bangladesh. Fr. Young formed the first Credit Union named “The Christian Co-operative Credit Union Ltd., Dhaka” on participation of 46 members at Luxmibazar, Dhaka. Later, Credit Union spread-out to other Christian Parishes as well as the other communities of the country. It was running well and Christian people were gathering under the umbrella of Credit union. After the liberation War of Bangladesh in 1971, Credit Union movement spread-out many places of the country. Now the Credit Union movement is in 38 districts in Bangladesh.
On January14 1979, 11 pioneer Credit Unions took initiative for expansion of Credit Union movement all over the country through mutual co-operation and formed ‘The Cooperative Credit Union League of Bangladesh Ltd. (CCULB)’. CCULB is a two-tier Cooperative National Organization for development, expansion, monitoring and evaluation of Credit Unions in the country. It has been registered under the Department of Co-operatives, Local Government & Rural Development Ministry of Bangladesh Government. More ......