Credit unions celebrate International Day 2013

CREDIT union members around the world will celebrate International Credit Union Day on Thursday, an annual event to commemorate the credit union movement’s impact and achievements.
By The Newsroom
Published 16th Oct 2013, 16:00 BST

Credit unions are not-for-profit financial cooperatives that provide an effective and viable alternative to for-profit financial institutions for more than 200 million members in 101 countries worldwide. They exist to serve their members, providing a safe place to save money and access affordable loans.

Since 1948, International Credit Union Day has been celebrated annually on the third Thursday of October.

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Each year, the international event affords the opportunity to remember credit unions’ proud history and promote awareness of and support for the credit union difference.

This year’s theme, “Credit Unions Unite for Good: A Better Way,” emphasiSes the benefits of cooperation among credit unions worldwide. It also speaks to the powerful global network of 56,000 credit unions, which no other financial institution can claim, and the advantages that result from sharing challenges, experiences and solutions with one another to better serve members.

Credit unions are recognized as a force for positive economic and social change and have provided significant value in both developed and emerging nations.

International Credit Union Day is sponsored by World Council of Credit Unions, the international trade association and development agency for credit unions, as well as numerous national credit union trade associations and federations around the world.