President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
“Credit unions were born out of the idea that we can derive strength from our unity. For generations, they have enabled people across our country to access financial services while contributing to the life of their community,” the proclamation reads. “On International Credit Union Day, we celebrate the ways these institutions have strengthened our nation—whether enabling Americans to save for retirement or take out a loan for the small business they have been dreaming about. And we recommit to ensuring that our people are equipped with the resources they need to foster growth and prosperity in this great country we call home. I wish those celebrating this occasion the very best.”
CUNA President/CEO thanked Obama for the honor.
“I thank President Obama for honoring credit unions and recognizing the important work credit unions do in their communities which have helped to strengthen our country,” Nussle said. “International Credit Union Day is an opportunity to remind credit unions across the nation about the importance of what they do, why they do it, and who they do it for. I could not be more pleased that our President has acknowledged the significance of credit unions today.”
International Credit Union Day has been celebrated on the third Thursday of October since 1948. The day is recognized to reflect upon the credit union movement's history and to promote its achievements.