Credit union members around the world celebrate International Credit Union Day on Thursday 15 October.
International Credit Union Day is an annual event to commemorate the credit union movement’s impact and achievements and this year marks the 72nd anniversary.
Credit unions are not-for-profit financial co-operatives that provide an effective and viable alternative to profit-led financial institutions for more than 274 million members in 118 countries worldwide. More than 85,000 credit unions exist globally, providing a plethora of financial services for their members. They are recognised as a force for positive economic and social change.
Since 1948, International Credit Union Day has been celebrated annually on the third Thursday of October. Each year, the international event affords the opportunity to remember credit unions’ proud history and promote awareness of and support for the credit union and financial co-operative difference. This year’s theme is “Inspiring Hope for a Global Community”.
Credit Union President Helen Baron said: “Throughout the COVID-19 crisis, credit unions all around the world have continued to provide a high level of service to their members and demonstrated a generosity to their local communities that has set them apart from other financial institutions.
“ICU Day 2020 is a celebration of the impact credit unions and other financial co-operatives have made – and continue to make for their members. It is also a chance to be thankful for the lives and communities that have been improved by our movement.”
International Credit Union Day is recognised by the World Council of Credit Unions, the global trade association for credit unions and other financial co-operatives, as well as numerous national credit union trade associations and federations around the world.
On 15 October, credit unions across the globe join forces to celebrate the day and share their news and activities with the global community on social media using the hashtag #ICUDay.
