Maine Credit Unions Celebrate International Credit Union Week
October 11, 2013
From October 13-19, 2013, the more than 633,000 Maine residents who belong to a credit union will join the 200 million credit union members belonging to over 56,000 credit unions in 101 countries worldwide to celebrate International Credit Union Week. Credit Union Day itself will be celebrated Thursday, October 17, 2013. Maine is the fifth strongest credit union state in terms of percentage of population using a credit union in the entire country.
This year’s theme is “Maine’s Credit Unions – Unite For Good,” and highlights the benefits and value that the cooperative structure of credit unions not only provide to members but also to each other and to the community.
In his Credit Union Week message to the staff and officials at Maine's credit unions, Maine Credit Union League President, John Murphy said, “The celebration of International Credit Union Week comes at a time when credit union growth in Maine continues to reach new milestones. The Surf Network, Shared Branching and the Maine Credit Unions’ Campaign for Ending Hunger are all examples of what good comes when credit unions unite for a common purpose, whether it’s providing financial services or supporting members and communities. The cooperative structure of credit unions also resonates strongly with Maine consumers who appreciate being a member-owner of their financial institution.”
For 65 years, credit unions have set aside the third Thursday in October to celebrate International Credit Union Day. This special occasion gives credit unions an opportunity to celebrate the credit union difference and the benefits of the credit union structure to current members and to those consumers interested in learning more about credit unions. According to an independent research study by respected Maine economist, Chuck Lawton, a former state economist, the benefits to Maine consumers who use a credit union are $38 million annually through better rates on loans and savings, and lower and fewer fees. During Credit Union Week 2013, most Maine credit unions are marking the occasion with special events and activities.
Murphy emphasized, “There is a credit union in Maine for everyone to join and, in most cases, multiple credit unions.”