Financial Facts

Celebrate International Credit Union Day

First introduced in 1948, International Credit Union Day provides a unique opportunity to increase public awareness of the credit union difference around the world. More than 123 million members of credit unions in 84 countries benefit from credit union products and services. And the number of members continues to grow year after year!

A Look at CU History

Humble beginnings have developed into a powerful difference. The idea of people pooling their money to make loans to each other first began in 19th century Europe. Canada picked up the idea in the early 1900s, influencing two Americans, Pierre Jay, a Massachusetts banking commissioner, and Edward A. Filene, a Boston merchant. Together, they helped pass America's first state credit union act in 1909.

A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people, known as members, share something in common, such as where they work or live. Because credit unions are not-for-profit, they can provide their members with a safe, convenient place to save money and obtain loans at affordable rates.

Join Us for These Special Events

International Credit Union Day offers the perfect opportunity for us to share our story. Our credit union was chartered on Fort Huachuca in 1955 with just a small room full of chartering members. The first charter covered all government employees and their families. Today, we have a community charter that covers Fort Huachuca, Cochise County, Santa Cruz County and southeastern Pima County through seven locations and home banking. We currently have 20,000 member-owners.

We will serve hot dogs and drinks at all locations as our fun way of recognizing you – our valued members – on International Credit Union Day. Stop in and have a dog with us!

Built on a philosophy of "people helping people," we empower our members to improve their own financial futures while uniting as a group to help others in need. International Credit Union Day celebrates the cooperative spirit of credit unions everywhere and our commitment to members and the communities we live in.

The More, the Merrier

Membership in credit unions continues to grow. According to CUNA, the number of credit union members doubled during the 1970s to more than 43 million. Today, nearly 85 million Americans are credit union members.*

We welcome new members with open arms. Tell your family members and neighbors about the many benefits you receive as a credit union member. They're always invited to join!

* Source: Credit Union National Association (CUNA), www.cuna.org.


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