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Washington
ICU Day reception to showcase CU good news
WASHINGTON (10/14/08)—As part of a day-long celebration of International Credit Union Day (ICU Day) this Thursday, the Credit Union National Association (CUNA) will join with the World Council of Credit Unions (WOCCU) to sponsor a special late-afternoon reception at the Cannon House Office Building on Capitol Hill. At the reception, credit union contributions will be honored before invited guests who will include Capitol Hill staffers, National Credit Union Administration board members, representatives from the credit union trade press, and credit union representatives. “Elsewhere throughout the world, credit unions and their trade associations will celebrate with parades, picnics and special events to celebrate the role that not-for-profit member-owned financial cooperatives play in improving the lives and financial wellbeing of their members,” WOCCU announced in a recent release. This year's ICU Day theme is “My Credit Union: It Belongs to Me.” The theme is designed to recognize the important role that member-ownership plays in defining credit union value to members. The role takes on even more significance given current global financial challenges, according to WOCCU Chairman Melvin Edwards. WOCCU represents credit unions and their associations on a global scale CUNA President/CEO Dan Mica noted, “In a movement that is marked by cooperation rather than competition, ICU Day is the perfect time for credit union groups to demonstrate their spirit of unity and service to members. “At credit unions, which are not-for-profit financial cooperatives, every customer is both a member and an owner,“ Mica said. “This year's theme celebrates the economic democracy and equal ownership rights of each credit union member, regardless of how much money a member has on deposit. Our unique structure and the philosophy it engenders are at the root of the extraordinary affinity that members have for their credit unions.”
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