News Release
Contact: Public Relations Coordinator
(800) 342-9835, ext. 8130International Credit Union Day Celebrates
the Credit Union Difference
(October 16 - Latham, NY) – On Thursday, October 18, credit unions throughout the state will celebrate International Credit Union Day. As they do, they will honor the unique service credit unions provide and the many ways their communities have benefited from the credit union difference.
New York’s 500 credit unions and their 4.2 million members will mark the celebration throughout the state with open houses, contests, rate specials, and a variety of community events.
This year’s theme, "Together We’re Better," reflects the value of credit union cooperation on all levels for members in all walks of life. Working together, credit unions build stronger institutions and more effectively serve their members.
In their hundred-plus-year history, credit unions have made the impossible, possible: they have found ways to improve the financial picture for those who stood little chance of gaining credit elsewhere.
Credit unions are not-for-profit financial cooperatives that provide an effective and viable alternative to for-profit financial institutions. They are member-owned and exist to provide a safe place to save money and access affordable loans.
Operating with the daily philosophy of "people helping people," the state’s credit unions are involved in and/or sponsor worthwhile community activities throughout the year. They offer a college scholarship competition through the New York State Credit Union League; seek donations of books, toys, videos and cash for local children’s charities as part of "Credit Unions Care for Kids" and participate in countless other programs to help their neighbors and their communities.
Today, there are more than 8,000 not-for-profit, cooperative credit unions nationwide. Their 89 million members belong to financial institutions that can frequently offer them better rates on loans and better return on their savings.
As with other financial institutions, credit unions are regulated by state and federal agencies. Funds deposited by credit union members are insured by the National Credit Union Administration to $100,000.
For information on joining a credit union, go to www.creditunionsFORYOU.com.
The New York State Credit Union League (NYSCUL) has served as the trade association for the state’s credit unions for 90 years. It is the fifth largest league in the country. New York credit unions have assets of more than $39 billion and 4.2 million members. To learn more about the League, visit www.nyscul.org.
New York State Credit Union
League, Inc. & Affiliates
P.O. Box 15118, Albany, New York 12212-5118 | 19 British American Boulevard, Latham, New
York 12110
800-342-9835 | Fax 518-437-8284