MADISON, Wis. — Credit union contributions to members and communities around the world, through good times and bad, will be the focus of this year's annual International Credit Union (ICU) Day® webcast, co-sponsored by U.S. Credit Union Development Educators and World Council of Credit Unions (WOCCU). A panel of credit union and cooperative industry dignitaries will gather this year at the Credit Union House on Washington, D.C.'s Capitol Hill to discuss their collective member service heritage.
"Credit unions in many different countries play a vital role in helping people who otherwise would lack access to basic financial services," said Pete Crear, WOCCU president and CEO and one of the panelists. "Celebrating ICU Day each year is a reaffirmation of the value credit unions provide to members at all socio-economic levels around the world."
In addition to Crear, this year's panel will include Bill Cheney, president and CEO of Credit Union National Association (CUNA); Paul Hazen, president and CEO of the National Cooperative Business Association; and Mark Meyer, CEO of the Filene Research Institute. As in past years, the program will be moderated by Paul Berry, the voice of CUNA's Home and Family Finance Radio.
While the recent economic crisis has affected institutions everywhere, the presence of credit unions has expanded locally as well as globally, with more institutions helping members in trouble. The philosophy of cooperative service combined with a strong consumer orientation has helped both the institutions and members persevere in the face of difficult odds, making this year's ICU Day celebration noteworthy, according to Cheney.
"This year's theme of ‘Local. Trusted. Serving You.' perfectly captures what makes credit unions so appealing to consumers across the nation and around the globe," Cheney said. "We will use the celebratory events planned for International Credit Union Day as an opportunity to deepen this understanding among our membership and within our communities."
The webcast once again will allow time at the end of the discussion for panelists to respond to questions submitted from online audience members worldwide.
The webcast will run from 3 - 4 p.m. EDT on Oct. 21. It is open to the public and may be accessed by registering at www.woccu.org. The recorded program will be available for viewing on WOCCU's Website after the broadcast.
About International Credit Union Day
ICU Day has been celebrated annually on the third Thursday of October since 1948. The event provides a time and opportunity to honor those who have made great contributions to the global financial cooperative movement, to recognize the hard work of staff and volunteer board members working on behalf of credit unions and cooperatives today, and to express appreciation to members of credit unions and cooperatives living at home and abroad. This year's theme — "Local. Trusted. Serving You." — recognizes credit unions' identity as member-owned financial cooperatives and celebrates the trust members worldwide have in their credit unions.
El Consejo Mundial de Cooperativas de Ahorro y Crédito es la asociación gremial y agencia de desarrollo para el sistema internacional de cooperativas de ahorro y crédito. El Consejo Mundial promueve el crecimiento sustentable de las cooperativas de ahorro y crédito y otras cooperativas financieras en todo el mundo a fin de facultar a las personas para que mejoren su calidad de vida a través del acceso a servicios financieros asequibles y de alta calidad. El Consejo Mundial realiza esfuerzos de defensa activa en representación del sistema global de las cooperativas de ahorro y crédito ante organizaciones internacionales y trabaja con gobiernos nacionales para mejorar la legislación y la regulación. Sus programas de asistencia técnica introducen nuevas herramientas y tecnologías para fortalecer el desempeño financiero de las cooperativas de ahorro y crédito y profundizar su alcance comunitario.
El Consejo Mundial ha implementado 290 programas de asistencia técnica en 71 países. A nivel mundial, 57,000 cooperativas de ahorro y crédito en 105 países atienden a 217 millones de personas. Obtenga más información sobre el impacto global del Consejo Mundial en www.woccu.org.