International Day of Cooperatives Celebrated July 1
"Peace-building through cooperatives"
The theme of this year's International
Cooperative Alliance (ICA) and United Nations
(U.N.) International Day of Cooperatives
highlights the role of cooperatives in
cultivating peace and development worldwide.
Solidarity, democracy and equality define the
cooperative model, to which credit union
principles are associated. Since before World War
I, cooperative values and principles have
promoted peace-building through social and
economic development in areas of conflict and
Cooperatives help build trust among groups of
people, empowering individuals and fostering
democracy at a grassroots level. They serve those
often most neglected by society: women, the poor
and victims of conflict.
The ICA established the International Day of
Cooperatives in 1927 to shed light on the work of
cooperatives throughout the world and to help
build local, national and international
alliances. Sixty-seven years later, the U.N.
General Assembly called on international
organizations and governments to recognize the
role of cooperatives in economic, social and
environmental development. In ICA's centenary
year, the U.N. declared the first Saturday in
July to be observed as the International Day of
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, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council's impact around the world at www.woccu.org.