Celebrate Your Credit Union Ownership this October!
October 16, 2008 | CUNA and WOCCU
Do you know who owns Alliant Credit Union? You do! And that is just one of many things that make credit unions unique and one of the membership benefits we’ll recognize on October 16 when we celebrate International Credit Union Day.
Credit unions are not-for-profit, democratically controlled, volunteer-run, member-owned cooperatives. They exist to serve their members. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of lower loan rates, higher interest on deposits, and lower fees.
Because they are unique in both structure and purpose, credit unions provide a viable alternative to for-profit financial institutions for more than 177 million members in 96 countries. At Alliant Credit Union, we take pride in our heritage as a cooperative financial services provider and our connection to the 49,000 credit unions worldwide. On October 16, we’ll join with credit unions and their members around the world to celebrate International Credit Union Day in recognition of the benefits those institutions bring to their members.
At credit unions, every customer is both a member and an owner. This year’s International Credit Union Day theme – It Belongs to Me – celebrates the economic democracy and equal ownership rights of each credit union member, regardless of how much money that member may have in savings. Please join us on October 16 as we honor our most valuable asset: our members. You are the reason Alliant Credit Union exists. Stop by your local service center and celebrate with your fellow members!
© This document was created through the cooperative efforts of the Credit Union National Association (CUNA) and World Council of Credit Unions (WOCCU).