Local Service. Global Reach.
Monday, October 7, 2019
October 17, 2019, will mark the 71st anniversary of International Credit Union Day. This year’s theme is “Local Service. Global Reach.” This year’s theme speaks to the connection to local communities while also acknowledging the power of the global network of credit unions.
Credit unions all over the world will be celebrating the history and the success of the “People-not-Profit” philosophy. This year’s theme emphasizes the credit union movement’s loyalty to its members and its mission to provide them financial support and guidance.
The movement began in the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.
The need for equitable financial institutions grew and, in 1971, the World Council of Credit Unions, Inc. (WOCCU) was created to help establish and maintain viable credit union movements. It has become the leading voice for advocacy and governance on behalf of the international credit union community.
Today, over 235 million people are served by credit unions in 109 countries and 6 continents.
Join us at any of our SAFE branches on Thursday, October 17 for light refreshments and giveaways to celebrate ICU Day.