International Credit Union Day 2012, on 18 October, is truly a time to celebrate – as credit unions (CUs) have increased their annual new-member base at the fastest rate in over a decade.
Figures from Credit Union National Association (CUNA) explained how nearly 2.2 million people joined credit unions in the US. In the UK, according to the All Parliamentary Party Group on CUs, there are over one million people using CUs, with 12,000 junior savers.
With so many people joining CUs, it seems only fitting that the theme this year is ‘Members Matter Most’.
“Members are the heart of the credit union system. This year’s theme speaks perfectly to the sentiment all staff carry through on every day,” said Bill Cheney, CUNA president and CEO. “Further, it differentiates credit unions from other financial institutions as member-owned financial cooperatives. At credit unions, members matter most.”
Read the full story here on the Global Co-operative News Hub.
Canadian PM – Stephen Harper said: “Canada’s credit unions play an important role in our nation’s economic prosperity. International credit ratings agencies acknowledge that Canada is home to some of the strongest financial institutions in the world. The health of our financial institutions, including our credit unions, has been a critical factor in helping Canada weather the global economic crisis and emerge relatively unscathed.” Read more.