Wednesday 20th Dec, 2023
Thursday 20th October 2022 is International Credit Union Day. Credit Union Members all around the world will be joining in celebrations to mark the credit union movement’s impact and achievements.
Since 1948, International Credit Union Day has been organised on the third Thursday of October by the World Council of Credit Unions. Each year, the international event provides an opportunity to remember the proud history of credit unions and raise awareness of their power to make a big difference to the financial well-being of people and their communities.
This year marks the 74th anniversary and the theme is Empower Your Financial Future with a Credit Union. John Smith, HEY Credit Union’s CEO, explains:
“There are still 1.4 billion people across the globe who are unbanked. Credit unions truly have the perfect business model to empower their financial future and that is a message for our entire global movement to celebrate and promote on Thursday 20 October.
“The credit unions that we know and love today were all started in a small way by people who saw the need for everyone to be able to build up some savings safely, and obtain fair and affordable credit instead of being at the mercy of unscrupulous lenders charging extortionate interest rates.
“Our founder-pioneers came together to set up credit unions as co-operatives whose whole purpose is to serve their member-owners, not make money out of them. They designed ethical savings and loan products to help them to manage their money wisely. They took great care of their members’ funds, knowing the trust they had placed in them. As time went by, more and more people flocked to join credit unions.
“Thanks to their efforts, credit unions have flourished around the world and are making a significant social impact. They are challenging the big mainstream banks that often seem to have forgotten their own roots, and the people they used to serve, in a quest to make ever bigger profits and bonuses for their shareholders and managers.”
Here’s ten facts to share with you about HEY Credit Union and hopefully make you proud to be a Member:
We truly are the People’s Business as everything we do is for our Members. We’re on a mission to empower everyone who chooses to join to enjoy great financial well-being and resilience to weather any financial storm.
If you’re not a member already, we would love to welcome you into our Credit Union Family!