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ICU Day marks “Authentic Difference”


27 Jun 16

This year’s International Credit Union (ICU) Day will celebrate “The Authentic Difference”.

The World Council of Credit Unions has chosen this year’s theme to highlight and celebrate what makes credit unions truly unique. ICU Day has been celebrated on the third Thursday of October since 1948, and this year falls on Thursday 20 October.

World Council president and CEO Brian Branch said: "Credit unions differ — in both philosophy and structure — from other financial institutions. In addition to community commitment and positive economic and social change, we put people before profit to provide all members with affordable financial services. This is the authentic difference that makes a real impact in our world.”

This year’s ICU Day poster illustrates the nine credit union principles that contribute to that difference: Democratic control; Open membership; Non-discrimination; Service to members; Distribution to members; Building financial stability; Co-operation; Social responsibility; Ongoing education.

ICU Day is celebrated worldwide by the global credit union movement, and the event has the potential to raise awareness of credit unions and ultimately attract more members — contributing to the World Council's Vision 2020 goal of adding 50 million new members by the year 2020.

ABCUL is planning events to mark ICU Day both with members and with key politicians and stakeholders.

Around the world, 217 million people are members of 57,000 credit unions in 105 countries. The annual World Credit Union Conference arrives in the United Kingdom this summer, with over 1,700 delegates gathering in Belfast to share experiences and learn together.

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