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CU System
ICU Day webcast outlines heritage
WASHINGTON (10/22/10)--Given the challenges facing the world this year, credit unions are more important than ever, Credit Union National Association (CUNA) President/CEO Bill Cheney said during Thursday’s International Credit Union (ICU) Day webcast, co-sponsored by U.S. Credit Union Development Educators and the World Council of Credit Unions (WOCCU).
Click to view larger image This year's panel during Thursday's International Credit Union (ICU) Day webcast, co-sponsored by U.S. Credit Union Development Educators and World Council of Credit Unions (WOCCU) included, from left, moderator Paul Berry, the voice of the Credit Union National Association's (CUNA) Home and Family Finance Radio; Pete Crear, WOCCU president/CEO; Bill Cheney, CUNA President/CEO; Mark Meyer, CEO of the Filene Research Institute; and Paul Hazen, president/CEO of the National Cooperative Business Association. (Photo provided by CUNA)
Credit union contributions to members and communities worldwide, through good times and bad, were the focus of this year’s webcast. “It doesn’t matter where you go around the world, the ‘people helping people’ philosophy, the cooperative structure, and the one person, one vote [of credit unions] remain constant,” Cheney said. “Overall, the U.S. credit union movement remains healthy. Credit unions continue to take care of their members. In most of the country, people still are struggling, but credit unions have persevered and are doing everything they can to help their members.” A panel of credit union and cooperative industry dignitaries gathered this year at the Credit Union House on Washington, D.C.'s Capitol Hill to discuss their collective member service heritage. This year’s panel included Cheney; Paul Hazen, president/CEO of the National Cooperative Business Association; Mark Meyer, CEO of the Filene Research Institute, and Pete Crear, president/CEO of the World Council of Credit Unions (WOCCU). As in past years, the program was moderated by Paul Berry, the voice of CUNA's Home and Family Finance Radio. Cooperatives worldwide have stepped up in time of need, Crear said. “When there are national disasters, cooperatives--nonprofits--are the ones that get it done,” he said. “When the lights go back on in Haiti, cooperatives will be there. The common currency we have is people working together.” The panel agreed that credit unions have a vital role in helping to build business in the U.S. Cheney was asked how that role can be increased. “Credit unions are critical to businesses in this country, “Cheney said. “We’re working hard in Washington to allow credit unions to do more. We’re working to get additional sources of capital for credit unions. “Credit unions have distinguished themselves in this financial crisis because, as banks have pulled back from lending, credit unions are doing more,” he added. ICU Day has been celebrated annually on the third Thursday of October since 1948. The event provides a time and opportunity to honor those who have made great contributions to the global financial cooperative movement, to recognize the hard work of staff and volunteer board members working on behalf of credit unions and cooperatives today, and to express appreciation to members of credit unions and cooperatives living at home and abroad. This year's theme--"Local. Trusted. Serving You."--recognizes credit unions' identity as member-owned financial cooperatives and celebrates the trust members worldwide have in their credit unions. To view the webcast, go to WOCCU’s website.
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