DES MOINES, IOWA (October 20, 2022) — In honor of International Credit Union (ICU) Day being celebrated on October 20 around the globe, Governor Kim Reynolds signed a proclamation declaring today as “International Credit Union Day” in Iowa.
The Governor’s Credit Union Day proclamation recognizes the Iowa credit-union industry for its continuing advancement of the financial well-being of credit-union members and the contributions made to their respective communities. It states, “Credit unions embrace a ‘people-helping-people’ philosophy through pooling of personal resources and leadership abilities for the good of the cooperative, empowering members to improve their financial future and uniting to help those in need.”
As not-for-profit, financial cooperatives, Iowa credit unions serve approximately 1.5 million members and help them save more than $160 million annually through better rates and fewer fees than other financial institutions. Globally, credit unions serve 375 million members in 118 countries worldwide.
“Today, we take time to celebrate the positive impact Iowa credit unions have on our local communities,” said Murray Williams, President and CEO of the Iowa Credit Union League. “International Credit Union Day highlights the people-helping-people spirit of the credit union movement and our industry’s commitment to improving the financial lives of Iowans. In addition to financial literacy outreach, we work collaboratively with community partners to address issues like affordable housing and access to child-care to help remove barriers that hinder economic opportunity and upward mobility for Iowans.”
Sponsored by the World Council of Credit Unions since 1948, International Credit Union Day is celebrated to remember credit unions’ proud history and promote awareness of and support for the credit union difference.
International Credit Union Day is also part of the broader National Cooperative Month celebrated by Iowa credit unions and the greater cooperative movement. Find more information on co-op month in Iowa at www.iowacooperatives.com.
Download the 2022 Iowa Credit Union Day Proclamation here.
The Iowa Credit Union League is the trade association that represents the interests of Iowa credit unions and their more than 1.5 million members. Credit unions are not-for-profit, financial cooperatives owned and operated by their members. Iowans use their credit-union membership to receive higher interest rates on savings and lower interest rates on loans. For more information on ICUL, visit IowaCreditUnions.com/ICUL. For information on Iowa credit unions, visit IowaCreditUnions.com. Follow ICUL on Twitter at twitter.com/icul or on Facebook at facebook.com/iowacreditunions.
