Celebrating Community Impact on International Credit Union Day

SchoolsFirst Federal Credit Union Celebrates International Credit Union Day

Statewide events and fundraising efforts commemorate global credit union movement

SchoolsFirst Federal Credit Union, the largest credit union serving school employees and their families in California, joined credit unions across the globe to celebrate International Credit Union Day. This annual event is a time to reflect on the significant achievements and positive impacts of the credit union movement on communities worldwide. This year marks the 76th anniversary of this meaningful event, which highlights the importance of financial inclusion and well-being for individuals from all walks of life.

Community Engagement and Events

Credit unions globally find unique ways to engage with their communities during this celebration. SchoolsFirst FCU hosted a special gathering at its Rudy Hanley campus, where state and federal officials, along with local community partners, participated in the festivities. Collaborating with the California Credit Union League, SchoolsFirst FCU helped facilitate similar events at seven other credit unions, allowing more communities to partake in the celebration.

Broad Participation

Each event saw enthusiastic attendance, with approximately 80-100 people joining in the efforts to support the global credit union movement. Participating credit unions included notable names like Redwood Credit Union, Golden 1 Credit Union, Pacific Service Credit Union, and others across the state, enhancing the sense of unity and shared purpose within the credit union sector.

Supporting Financial Inclusion

During this year’s observance, SchoolsFirst FCU members demonstrated their commitment to financial inclusion by generously donating to the Worldwide Foundation for Credit Unions. This organization aims to enhance financial access for millions around the world. SchoolsFirst FCU proudly raised $16,268 as part of a broader goal to reach $500,000 to support credit unions and their members globally. Remarkably, every dollar contributed by SchoolsFirst FCU team members was matched, amplifying the positive impact of their contributions.

Testimonials from Leadership

Bill Cheney, the Chief Executive Officer of SchoolsFirst FCU, expressed his excitement for this annual event: "We look forward to this day each year, as it allows us to commemorate the history of credit unions and promote awareness and support for the global credit union movement. Credit unions are member-owned financial cooperatives and have the perfect business model to serve members and underserved communities around the world." His words resonate with the mission that drives credit unions to connect and support their members tirelessly.

A Global Movement

International Credit Union Day, coordinated by the World Council of Credit Unions along with various national associations, is an initiative to highlight the unique mission of credit unions: facilitating financial inclusion and improving the well-being of communities globally. Since its inception in 1948, this day has been celebrated through a multitude of activities such as outreach, volunteerism, and fundraising efforts, all aimed at showcasing what makes credit unions so special.

About SchoolsFirst Federal Credit Union

As the largest credit union catering to school employees, SchoolsFirst Federal Credit Union has been recognized as the top credit union in California according to Forbes. The organization is dedicated to providing exceptional service and enhancing the financial lives of its members. With a member base exceeding 1.4 million, SchoolsFirst FCU offers a comprehensive array of financial products and services. Established in 1934 by 126 school employees who pooled $1,200, SchoolsFirst FCU has grown tremendously, boasting over $30 billion in assets in 2024, solidifying its position as the leading credit union in California and the fourth-largest in the United States.

Frequently Asked Questions

What is International Credit Union Day?

International Credit Union Day celebrates the credit union movement's contributions to communities worldwide, focusing on financial inclusion and member support.

How does SchoolsFirst FCU contribute to local communities?

SchoolsFirst FCU engages with local communities through events, fundraising efforts, and collaborative initiatives to strengthen community ties and promote financial well-being.

What are the benefits of joining a credit union?

Joining a credit union often provides better rates on loans, lower fees, and a more personalized approach to financial services compared to traditional banks.

How can I support credit unions?

You can support credit unions by becoming a member, participating in local events, and advocating for their services as viable financial options for individuals and families.

What programs does SchoolsFirst FCU offer?

SchoolsFirst FCU offers a wide range of financial services, including savings and checking accounts, loans, mortgages, and investments tailored specifically for the needs of school employees.

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