International Credit Union Day Celebrated Worldwide October 19
Madison, WI—Credit unions from around
world will join in solidarity October 19, 2006,
to honor the credit union movement's history and
Since 1948, International Credit Union Day
been celebrated annually on the third Thursday
of October. This year's theme, Credit Unions:
Making a World of Difference, reflects the
worldwide scope and influence of credit unions.
Selected by credit union enthusiasts from around
the world, the theme emphasizes the common
thread and desire for financial freedom that
weaves people together into the international
credit union movement. World Council of Credit
Unions, Inc., the international trade
association and development organization for
credit unions based in Madison, Wis., has
sponsored International Credit Union Day for
over 30 years.
"Credit unions are cooperatives that bring an
equal voice and financial freedom to more than
157 million credit union members in 92
countries," World Council CEO Pete Crear
said. "From Asia to Afghanistan to Louisiana,
credit unions have been there to rebuild, offer
hope and provide community support when all
other means have failed."
President George W. Bush recently recognized
credit unions for their work in the U.S. in
honor of ICU Day.
"By providing valuable services and support,
credit unions help meet the financial needs of
millions of individuals in the United States and
around the world," he wrote. "These institutions
help men and women increase their financial
security and achieve their dreams."
Credit unions from around the world will
celebrate the day with activities such as
parades, festivals, contests and open houses.
Visit World Council's press room online, http://www.woccu.org/press/press_
rel/index.php, to learn more about World
Council and the microfinance development work it
does through credit unions worldwide.
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 56,000 credit unions in 101 countries serve 200 million people. Learn more about World Council's impact around the world at www.woccu.org.