SeaComm Federal Credit Union OFFICIAL BLOG

Fact Friday

fact friday credit card

Here are some fascinating facts about finance, courtesy of Investigating Answers, that I found to be quite interesting. I found #5 to be the most surprising… Did you know any of these already?

  1. The average credit card holder has 3.5 credit cards, according to the Federal Reserve.

secret service

  1. The Secret Service Division was created on July 5, 1865 in Washington, D.C., to suppress counterfeit currency.

first bank

  1. The world’s first bank was Monte Dei Paschi di Siena, founded in 1472 and headquartered in Tuscany, Italy. It still operates today.

young credit card holder

  1. 70% of American students have credit cards, according to a report in the International Journal of Business and Social Science.

jingle bells

  1. JP Morgan’s uncle, James Pierpont, wrote “Jingle Bells” in 1857.

gdp.jpg

  1. The United States generates more than 20% of the world’s GDP with about 4% of the world’s population.

medeival

  1. The birth of modern banking is credited to the medieval Knights Templar. They took oaths of poverty; therefore donating all of their cash and property to the Order. Nobles often used the Order to safeguard their money while they were off fighting in the Crusades.

mint

  1. The 1792 law that established the United States Mint also made coin defacement, counterfeiting, and embezzlement by Mint employees punishable by death.

old cc

  1. Credit cards were not always made of plastic. There have been credit tokens made from metal coins, metal plates, and celluloid, metal, fiber, and paper cards.

civil war

  1. By the end of the Civil War, between one-third and one-half of all U.S. paper currency in circulation was counterfeit.

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