International Credit Union Day
ICU Day 2015- People Helping People
The credit union movement began 160 years ago with a simple but radical idea. That with the help of your neighbors, you can improve your financial well-being.
The idea spread across the world, and credit unions flourished, especially during times of economic hardship.
During the Great Depression, scores of ordinary Americans-farmers, tecahers, small business owners- found themselves without access to banking services, so they banded together to become their own not-for-profit financial instutition. Credit Unions opened in record numbers.
During the Great Recession, again credit union memberships swelled. Today there are more than 200 million credit union members worldwide-100 million of them in the U.S.
But even after all this time, the bedrock principles of credit unions remain unchanged. Credit unions are still:
People comeing together to be their own bank, so no one can deny them a path to prosperity.
People pooling their savings to provide each other affordable credit.
People helping people.
To celebrate this powerful movement, join Members First Credit Union at any of our 5 locations on Oct. 15th, 2015.
Copyright 2015 Credit Union National Association. Inc.