International Credit Union Day 2019

NZCU News

International Credit Union Day 2019

ICU Day is a chance to showcase the meaningful change the movement brings to members worldwide, this year’s theme was ‘Local Service, Global Reach’ promoting the work of credit unions around the world.

Which NZCU Employees Manager Ahukona Hatalafale, commonly known as Kona, says embodies NZCUE’s philosophy well.

As a sector which now has almost 90,000 credit unions across 117 countries in six different continents, and almost 260 million members, ICU Day which takes place annually every third Thursday of October celebrates the spirit of the global credit union movement.

 

The credit union movement began with a simple idea – that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to neighbours and co-workers.

A credit union is also non-profit in the sense that its purpose is to serve the members, not to make money.

The 71st anniversary of ICU Day reflected upon the credit union movement’s history, promoting its achievements, and recognize the hard work of staff while sharing member experiences.

Credit unions raise awareness through outreach and volunteering in the community, organising contests, charitable fundraisers and open houses.

NZCU Employees was established in 1972, the 100% New Zealand owned financial cooperative was originally a credit union for Fletcher Building staff, however now serves members throughout Auckland and New Zealand.

NZCU Employees Manager Ahukona Hatalafale, commonly known as Kona, says it’s important to offer a local service with a global reach.

“We view our members, staff and the wider community as one big family. There is a natural link between us, and we understand that decisions we make can have a flow-on effect on our entire community.

“It good to know that an organisation like ours shares the same philosophy with other credit unions on the other side of the world.”

Michelle Kamke, marketing projects manager at the US Credit Union National Association, says the member focus means that credit unions continuously strive for higher levels of member service and engagement.

“Our co-operative values make us stronger together, because when we empower locally, we inspire globally.

“ICU Day is a chance to showcase the meaningful change the movement brings to members worldwide.”