FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications, 608-231-4038
WASHINGTON, D.C. ? Warmest greetings to those celebrating International Credit Union Day, October 16, 2008, from your friends at the Credit Union National Association, as we observe this year?s theme: ?My Credit Union: It Belongs to Me.?
At credit unions, which are not-for-profit financial cooperatives, every customer is both a member and an owner. 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.
Since 1948, we have set aside the third Thursday in October to celebrate the role that credit unions play in their communities. As credit unions here in the United States approach their 100th anniversary, they remain deeply dedicated to their members and their communities. Credit unions not only offer great service, better rates, and lower fees, they also provide access to financial services and improved economic and social opportunities for members domestically and the world over.
Recent figures from the World Council of Credit Unions show that more than 49,000 credit unions in 96 countries proudly serve 177 million members ? and that number continues to grow.
In a movement that is marked by cooperation rather than competition, International Credit Union Day is the perfect time for credit unions groups to demonstrate their spirit of unity and service to members. After all, it is this cooperative spirit and commitment to members that we celebrate today.
Daniel A. Mica
President and CEO
Credit Union National Association
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With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.