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Celebrations for ICU Day


20 Oct 16

Celebrations and events have been held across Britain to mark International Credit Union Day.

ABCUL hosted a special guest for the occasion; Oscar Guzman, who leads the World Council of Credit Unions’ projects in Colombia and Ecuador. Oscar spent some time visiting credit unions in London, including London Capital Credit Union and a joint project in Catford between Phoenix Community Housing and Lewisham Plus Credit Union that helps people manage their finances in difficult circumstances.

He then presented to an audience of British credit union staff and volunteers at London Mutual Credit Union’s Peckham branch, outlining the role credit unions play in financial inclusion and improving people’s lives in Latin America and Africa.

And he concluded his trip to Britain by addressing an audience of over 100 politicians, credit unions and stakeholders at the annual Parliamentary reception for International Credit Union Day.

Held in the Churchill Room at the Houses of Parliament, the event was organised by the Credit Union Foundation and kindly sponsored by Citi. As well as Oscar’s inspiring presentation, guests heard from the Minister for Civil Society Rob Wilson MP and from Citi’s Head of Public Sector Banking for EMEA David Walker. The reception was hosted by the newly elected Chair of the All Party Parliamentary Group on Credit Unions, Seema Kennedy MP (all pictured with ABCUL Chief Executive Mark Lyonette and Cornerstone Mutual Services Chair Lord Hunt).

Credit unions across Britain also marked ICU Day in a range of innovative ways. Pentecostal Credit Union promoted their new music video Gimme Dat by PCU-Money featuring Tneek. The rap track seeks to highlight the materialism and enticement to spend money promoted by our consumer society, and to tell young people that they need to be more money wise and save instead of spend. It will be accompanied by money talks at youth gatherings in London and the Midlands.

Meanwhile, East Kilbride Credit Union placed adverts in two local newspapers, put up posters and balloons and laid out special ICU Day colouring sheets, crayons and sweets for young (and not-so-young!) members to enjoy. EKCU was one of many credit unions that was very active on social media on and around ICU Day as credit unions reached out to educate and attract prospective members.

Glasgow City Council hosted a special event for credit unions and stakeholders to discuss employer partnerships with credit unions, and Saturday (22 October) will see more than 100 credit union delegates gather for the ABCUL London & South East Forum ICU Day event, which will hear from a range of speakers including ABCUL Chief Executive Mark Lyonette.

ICU Day has been celebrated on the third Thursday of October since 1948, and is marked by more than 60,000 credit unions in 109 countries who provide co-operative financial services to 223 million people across the globe.

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