On October 20, 2016, ProMedica Federal Credit Union will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the foundational principles that make credit unions unique.
Credit unions are not-for-profit financial cooperatives guided by nine principles, including democratic control, social responsibility, and returning all profits to members. This year’s theme is “The Authentic Difference,” a description of credit union’s cooperative structure and principles. ProMedica Federal Credit Union celebrates ICU Day because it believes financial services should be principled.
On ICU Day, ProMedica Federal Credit Union joins the more than 217 million credit union members around the world in celebrating the people-first principles that have helped lift people out of poverty and strengthen communities all over the globe.
Please continue to check our blog during the month of October as we highlight all nine principals.