Gov. Dayton declares Oct. 19 Credit Union Day in Minnesota
Thursday, October 19, 2017
ST. PAUL, Minn. (October 19, 2017) – Gov. Mark Dayton recently signed a proclamation declaring Thursday, Oct. 19, 2017, as Credit Union Day in Minnesota. The proclamation coincides with International Credit Union Day and this year’s theme of “Dreams Thrive Here”. Minnesota Credit Unions will unite with more than 56,000 credit unions around the world to celebrate how credit unions help people achieve their biggest goals in life.
What is a Credit Union?
A credit union is a financial co-op offering a local, safe place for savings, checking, car and home loans, mobile banking and more. They are different from other financial institutions in that credit unions are owned by their customers, called members, and return the earning they make to members in the form of lower loan rates, higher savings rates and low or no fees.
Who can join a Credit union?
Members of a credit union share a common bond, also known as the credit union’s field of membership. This unique aspect of credit unions helps personalize a credit union’s benefits and services to their specific members. You can join a credit union based on where you live, work or belong.
What are Credit Union’s Impact on Minnesota?
Minnesota Credit Unions provide more than $130 million in direct financial benefits back to 1.7 million Minnesotans; and economic contributions of Minnesota Credit Unions drove $2.6 billion of impact on the Minnesota economy.
“The cooperative model of credit unions aligns very well with Minnesota values of doing business with local, community-focused organizations that give members a voice in governance,” said Mark Cummins, President and CEO for the Minnesota Credit Union Network.
More information about Minnesota Credit Unions can be found at www.choosemncu.org.
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.7 million members at almost 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org.