On October 18th, Riverview will join with more than 56,000 credit unions around the world to celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the credit union movement. This year marks the 70th Anniversary of ICU Day!
This year’s theme is “Find Your Platinum Lining”. It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining”.
Credit unions all over the world will be celebrating the history and the success of the “People-not-Profit” philosophy. This year’s theme emphasizes the credit union movement’s loyalty to its members and its mission to provide them financial support and guidance.
While International Credit Union Day has been observed annually since 1948, the first credit union dates back to the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.
The need for equitable financial institutions grew and, in 1971, the World Council of Credit Unions, Inc. (WOCCU) was created to help establish and maintain viable credit union movements. It has become the leading voice for advocacy and governance on behalf of the international credit union community.
Today, over 235 million people are served by credit unions in 109 countries and 6 continents.
On October 18th, members and the public are invited to stop by either of our offices to learn more about Riverview or the credit union movement. We will provide a FREE lunch, along with great giveaways, cash drawings, and live radio remote. Again this year, two local food trucks will begin serving lunch at 11:30 AM.