International Credit Union Day is observed on the third Thursday of October every year, falling on October 16 this year. International Credit Union Day is celebrated across the world, and it is an opportunity for Credit Unions and the communities they serve to reflect upon the credit union movement, promote credit union achievements, and share the impact credit unions have on their members.
Credit unions are full-service financial institutions that provide the same products, services, and benefits offered by other financial institutions. Credit unions differ because they are not-for-profit financial cooperatives owned by and operated for the benefit of the customers (members) they serve. Credit unions serve their members, not investors. Credit unions are cooperatives or organized groups of people with some common bond. Examples of a common bond may be your employer, the community in which you live, a faith-based organization, a school, or the military, just to name a few.