Celebrating International Credit Union Day

International Credit Union DayThursday 17 October is International Credit Union Day and credit unions around the world, with 200 million members in over 100 countries, are celebrating.

This year’s theme is Unite for Good – a better way, which emphasises the benefits of co-operation among credit unions worldwide.

In Britain, some of the things that have been happening include:

  • The Archbishop of Canterbury sent his first Instagram message to urge people to use credit unions
  • Labour leader Ed Miliband announced plans to support credit unions through a levy on the payday loans industry
  • The Scottish Parliament held a reception for  credit unions, partner organisations and MSPs from across Scotland
  • Bishops around the country showed their support for credit unions with 39 Bishops in 29 dioceses involved in the day and over 50 credit unions being supported.

Mark Lyonette, Chief Executive of ABCUL – the Association of British Credit Unions, said: “We very much welcome the widespread support for credit unions on International Credit Union Day. People ‘Uniting for Good’ in communities and workplaces around the country means that fair and affordable financial services are becoming much more widely available through credit unions.

“It is appropriate today to thank the thousands of volunteers and staff in nearly 400 credit unions around the country who are committed to providing great value financial services. They are not driven by profit, but by the desire to meet the needs of their neighbours and colleagues.”

Credit unions in Britain look after over £1 billion in assets on behalf of over 1 million people.