Happy International Credit Union Day!
Credit unions around the world will celebrate International Credit Union Day on Thursday, October 21, 2021. This year’s theme is ‘Building financial health for a brighter tomorrow’. Financial well-being for all is a shared commitment among Credit Unions and it’s at the heart of what we do here at HCP Credit Union!
Financial well-being is the state of a person’s financial situation, their degree of control, and how they feel about their money. How do credit unions make financial well-being the heart of their mission and structure?
Equal Ownership: Credit unions are democratically controlled and member owned and member-operated. Each member has equal ownership and one vote regardless of how much money they have in savings.
Not for Profit: Credit unions are not-for-profit financial cooperatives that provide a safe place for members to save money and access loans and other financial services at reasonable rates.
Social Purpose: Credit unions exist to serve their members, not to make a profit. Every member counts, including those of modest means. This “people-first” philosophy drives what we do.
Volunteer Leadership: Each credit union is governed by a volunteer board of directors elected by and from the credit union’s membership.
Financial Education for Members: We place importance on educational opportunities for members and the public to help everyone become better-educated consumers of financial services.
Our shared commitment is to continue to accelerate the vital work of improving financial well-being for our members and advancing the communities we serve. Happy International Credit Union Day from our team at HCP Credit Union!!