Credit Unions are financial co-operatives where a community’s savings are used to fund other community borrowing and both savers and borrowers can become members. Thursday 18 October 2012 is International Credit Union Day, as well as being in the United Nations International Year of Co-operatives.
This year’s theme is “Members Matter Most” which was suggested from Ireland. In the UK, there will be events including one at Westminster with speeches from Damian Hind MP, Chair of All Party Parliamentary Group on Credit Unions and Simon Hughes MP, its Vice Chair.
I’m a member of my local credit union. I can pay in at my bank or any PayPoint and withdraw by bank transfer. If you’re fed up with the fat cat plc bankers, there’s no better time to Move Your Money in general and Find Your Credit Union (international visitors, start at WOCCU) in particular, is there?