International Credit Union Day
CREDIT UNION ETHOS CELEBRATED ON 71st INTERNATIONAL CREDIT UNION DAY – 17th OCTOBER 2019.
St. Canice’s Credit Union joins more than 89,000 credit unions around the world today to celebrate International Credit Union Day® today. The 71st ICU Day® is an important celebration not just for the global movement, but also for Irish credit unions.
In Ireland, credit unions are more important and relevant than ever. There are now 3.6 million credit union members on the island of Ireland, benefiting from €4.9 billion in loans. Lending by credit unions is up by 7.2% year-on-year, as members continue to benefit from affordable and flexible lending terms and conditions.
Credit unions are ethical, not-for-profit lenders that continue to provide effective and viable alternatives to financial institutions which operate for profit. Credit unions genuinely care about their members, and put them at the heart of everything they do. This is why Irish credit unions have won the national customer experience award, CX Award, for a record-breaking five consecutive years. They are the only organisations in the world to have achieved this.
The theme for the 71st ICU Day® is ‘Local Service. Global Reach.’ This is reflective of how each individual credit union serves a local community. Collectively, this local connection has a global effect – there are now 260 million credit union members in 117 countries worldwide.