NCUA Board Issues International Credit Union Day Proclamation
October 16, 2008, Alexandria, Va. –The National Credit Union Administration Board today issued a proclamation declaring October 16, 2008 International Credit Union Day.
“Credit unions foster financial literacy and encourage fiscal responsibility and consumer awareness. They have helped millions of people around the world achieve economic progress as well as financial security and have embraced the belief that consumers from all walks of life should have access to fair loans, sound financial advice, and quality, low-cost financial services,” The Board stated in the proclamation.
International Credit Union Day is a global celebration of the 170 million credit unions members in 97 countries worldwide. The day was established to celebrate the international credit union movement and was given national recognition today by President George W. Bush.
“Today we encourage all employees of the National Credit Union Administration and of credit unions across the nation to rededicate ourselves to the goals and ideals of the credit union movement,” Chairman Fryzel expressed before signing the proclamation.
To view the NCUA Board’s proclamation please select the following link: NCUA Proclamation – International Credit Union Day Proclamation.
The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 89 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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