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PRESS
RELEASE
October
18, 2019
On
October 17, 2019, credit union members around the world celebrated
International Credit Union Day® (ICUDay), an annual event to commemorate the
credit union movement’s impact and achievements.
The
theme for this year is "Local Service, Global Reach". It speaks to how each credit union serves a
local community—and it is because of that local service in communities across
the world that we have a global credit union movement that’s now 260 million
members strong.
ICU
Day is a celebration of the impact credit unions and other financial
cooperatives have made—and continue to make for their members. It is also a chance
to be thankful for the lives and communities that have been improved by our
movement, to remember our proud history and promote awareness of the credit
union difference.
The
National Cooperative Credit Union Ltd (NCCU) and credit unions in Dominica, observed not only
the day but the entire week with activities and events touching their members and communities.
Credit
unions are unique because they are not-for-profit, democratically controlled,
financial and member-owned cooperatives
that provide an effective and viable alternative to for-profit financial
institutions.
The
credit union movement's cooperative spirit is embraced by members in 117
countries worldwide. More than 89,000 credit unions exist globally, providing
financial services for their members, and are recognized as a force for
positive economic and social change.
Credit
unions pool their members' assets to provide affordable loans and financial
services in the best interest of members, not to earn shareholder profits.
Credit Unions, and other financial cooperatives are founded on community
service, a principle that has set them apart for more than 150 years.
The
National Co-operative Credit Union Ltd
(NCCU) is an amalgamation of seven (7) credit unions and was established
on November 1, 2019. It is the largest
credit union in the OECS with over 48,000 members, assets of
$625.7M, and an island wide
footprint of seven branches and 5 sub offices.
Visit
a NCCU Branch to celebrate with your
fellow member owners.
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