Australia’s credit unions celebrate 71st annual International Credit Union Day


Credit unions around the world are celebrating the 71st International Credit Union Day, an annual international observance that recognises the significant contribution credit unions make to the community.

The theme for 2019 is Local Service.Global Reach to highlight how credit union and other cooperative models serve communities.

Australia’s customer owned banking sector has a long history of demonstrating its commitment to local communities through community grants, sponsorships and foundation donations.

Customer Owned Banking Association CEO Michael Lawrence says the sector has a 150-year legacy of helping Australians.

“Australia’s customer owned banking institutions have a proud history of like-minded Australians working together to achieve one another’s financial goals. Community helping community is at the core of our sector.

“Right across the country credit unions, building societies and mutual banks are giving back to the communities they serve.

“People’s Choice Credit Union’s Community Lottery is just one example of a credit union giving back.

“This initiative has raised more than $19 million for community groups over its 36 years. In 2019 alone it has helped almost 1000 groups across the country make a difference to their community.

“The Australian customer owned banking sector is part of a global community of credit unions. The sector has put people before profits from the beginning, with a focus on local communities in every state and territory.”

International Credit Union Day commenced in the United States in 1948 and has since spread around the world through the World Council of Credit Unions.