International Credit Union Day – October 15th
Join Fox in the celebration of Credit Unions!
October 12 – 17
Any Fox location
Lobby and Facebook Contest: WIN $100
There are two ways to participate in this year’s contest
- Visit Fox Communities Credit Union’s Facebook page during the week of October 12 – 17 and participate in our online Facebook contest. See contest post for details.
- Come to any Fox location during the week of October 12 – 17 and fill out an entry form.
One winner will receive a $100 Visa gift card. All Facebook/hard copy lobby entries must be received by Saturday, October 17, 2015 to be eligible to enter. Winner will be notified by October 24. Employees, board members, and immediate families are not eligible to win.
Celebrate International Credit Union Day: People Helping People
The credit union idea began more than 160 years ago with a simple idea—people helping people.
In the 1850s, hard times hit Germany, and people turned to each other for help. They removed small savings from under mattresses and made reasonably priced loans to one another. These early credit unions were the model for all the credit unions that followed: not-for-profit, democratically controlled and community oriented.
In the 1920s, Edward Filene took cooperative finance to the next level in Boston, as a means of lifting working people out of debt and creating a better life. On January 17, 1927, the Credit Union League of Massachusetts celebrated the first official credit union holiday. January 17th is the birthday of Benjamin Franklin, America’s “Apostle of Thrift,” who credit union founders believed to symbolize the purpose and spirit of credit unions. During this time, the credit union movement was new and spreading. People involved only began to recognize the celebration’s significance and were unable to devote the time required for sufficient planning. Credit Union Day quietly faded away.
The U.S. Credit Union National Association (CUNA) and CUNA Mutual Insurance Society initiated a new national Credit Union Day celebration in 1948. The third Thursday of October was set aside as the national day of observance. This occasion brought members together to promote the credit union philosophy nationally and reflect upon credit union achievements and history. Members raised funds for the movement and paid homage to loyal supporters and pioneers.
The World Council of Credit Unions, established in 1971, assists credit union movements and supports their development around the world. World Council observed the first International Credit Union (ICU) Day more than 30 years ago, and continues to endorse global celebrations. The credit union movement has grown to more than 200 million members in 101 countries. Celebrate the credit union difference during this year’s ICU Day – October 15, 2015.