Worth Celebrating: International Credit Union Day

Celebrated on the third Thursday of October since 1948, International Credit Union (ICU) Day® was designed to boost awareness of the member benefits of credit unions and highlight their impact on local communities.

There are more than 57,000 credit unions in the world, serving nearly 208 million people in 103 countries, and all are working to improve the lives of members through financial education, volunteer leadership, and access to financial services. That’s something worth celebrating!

In honor of ICU Day, here’s a roundup of the top Cobalt CU blog posts detailing what makes a credit union unique and how to decide if a credit union is right for you. Read on for more credit union info and join the festivities on Twitter with #ICUDay.

Credit union membership: Who can join, and how?
With so many financial products and incentives in the marketplace, it can be challenging to find the right institution for your needs. Many people are turning to credit unions, but how do you find the right one and determine whether you’re eligible to join? Check out this post for a definition of “field of membership” and tips on finding the right credit union for you.

What is a credit union?
It might seem like credit unions and banks are exactly the same, since both offer savings and checking accounts, ATMs, loans, and other financial services. But there are four key elements that set credit unions apart: ownership, rates and returns, account requirements, and local commitment. This post explains those differences in detail, giving you a look at why a credit union may be the wisest choice for managing your money.

Is a credit union right for me? The five questions you need to ask
When you’re considering membership in a credit union, it’s important to ask questions to make a more informed decision. For example, do you plan to make a large purchase such as a house or a car in the near future? Is local development and involvement important to you? This post takes a look at five key questions and gives answers regarding what joining a credit union might do for your financial management.

Credit unions are unique in the banking world, at the local, national, and international levels. Thanks for being part of Cobalt CU’s community, and happy International Credit Union Day!

One mission of credit unions is financial education. Resources like Cobalt CU’s free Financial Basics Made Easy e-book will help you find your footing and make sound financial decisions.