You are invited to join us for an Open House at our branches on
Thursday, October 18, as we celebrate our members in conjunction with
International Credit Union Day.
Credit unions all over the world will be celebrating the history and the success of the “People-not-Profit” philosophy.
The movement began in the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.
Today, over 235 million people are served by credit unions in 109 countries and 6 continents.
Copyright 2018. Excerpts from this story came from the Credit Union National Association Inc.