CA-K476Economy & trade
Father Belcourt and the Farmers’ Bank of Rustico
Factual accuracy review: No recorded challenge
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Georges-Antoine Belcourt, a former missionary at Red River, led his parishioners in Rustico, Prince Edward Island, to found one of Canada’s first people’s banks, chartered in 1864 and run by farmers and fishers until 1894. By providing cheap credit it helped this mainly Acadian community gain economic independence and foreshadowed the credit union movement.
Scope & context
Belcourt as described in his designation.
Sources behind this record
1
Reverend Georges-Antoine Belcourt National Historic Person ↗
Parks Canada (Directory of Federal Heritage Designations)
Importance; plaque text