MADISON, Wis. (10/2/14)--With the official International Credit Union (ICU) Day two weeks away, credit unions and state leagues are gearing up to demonstrate the credit union difference throughout October.
In Georgia, credit unions are promoting a Switch to Save campaign that helps consumers identify savings on loans. A member or potential member can bring in two months of statements from another financial institution to determine if switching their loan to the credit union will save them money, according to the Georgia Credit Union Affiliates (GCUA).
"During International Credit Union Week, credit unions will say thank you to the members that use their services now and 'give it a try' to those that have not yet joined a credit union," said GCUA President/CEO Mike Mercer.
The Northwest Credit Union Association (NWCUA) will prepare its member credit unions for a Pay It Forward campaign. During next week's Amplify convention, NWCUA will hand out random stacks of cash to attendees. The stacks of money--to be given to away on Oct. 16--symbolize the savings credit unions generate for their members every day, according to NWCUA (Anthem Sept. 29).
While handing out the cash, credit unions can take the opportunity to share the credit union difference. NWCUA advised them to tell recipients that "Credit unions in the Northwest save households an average of $114 per year. Today we're paying it forward into our community. This cash is yours, no strings attached."
Credit Unions for Kids will hold Shop for Miracles, a one-day fundraising program to support local Children's Miracle Network Hospitals. Every time a member of a participating credit union swipes his or her credit union-issued credit or debit card, the credit union will donate 25 cents, or another predetermined amount, to a local Children's Miracle Network Hospital.
Shop for Miracles is sponsored by the Credit Union National Association, the World Council of Credit Unions and Credit Unions for Kids.
CO-OP Financial Services also will tie its Miracle Match program to Shop for Miracles, matching funds dollar-for-dollar up to $10,000 with certain participating credit unions.
Watch News Now for more coverage of ICU Day events.