Show CREDIT UNION Bill PASSED BY SENATE Measure Provides for U. U S. S Loans to Individuals WASHINGTON May 10 The UP-The senate today passed without debate a bill to establish a federal credit union system for extension of credit to persons of small means at nominal interest rates The bill now goes to the house The credit union plan was sp spOnsored spOn- spOn n. n so red by Senator Morris Sheppard D. D Texas It was reported favorably favor favor- ably by the senate banking committee commit commit- tee which urged its adoption The bill provides for tor a federal organization or or- to supervise operations of credit unions |