Thursday, October 17, 2019, is International Credit Union Day. You are invited to visit one of our community branches for light refreshments as we celebrate the credit union difference.
International Credit Union Day is a day RTN and credit unions all over the world commemorate the cooperative spirit behind the “People Helping People” philosophy. This cooperative spirit has led to life-changing opportunities for people who’ve wanted to start a small business, own a home or continue their education but were denied access by other financial institutions. In many parts of the world, people’s first taste of democracy is through their credit union, where “one member, one vote” is the governing structure.
The credit union movement began in the 1840s by weavers in Europe. Frustrated by bankers who denied them loans simply because they weren’t wealthy, they decided to pool their incomes and loan money to each other. This cooperation put each member on solid financial ground and encouraged their own businesses to flourish. Today, there are 200+ million credit union members around the world—more than 100 million in the U.S. alone.
As a not-for-profit financial cooperative, RTN and all credit unions are owned by, and operated for, members. This people-first philosophy doesn’t just mean better service, it also translates into a better financial deal for consumers. On average, credit unions offer the same products and services found at other financial institution, but typically at better rates and with fewer and lower fees.
The credit union difference also includes a social mission. Community involvement is a core value of RTN, and we are proud to support local projects and initiatives through the efforts of the RTN Employee Outreach Committee and the RTN GoodWorks Foundation.
As we mark International Credit Union Day at RTN, know that we’re thanking you for belonging to a movement that’s helping you—and people around the world—grow, thrive and follow their dreams.
If you have any questions about the credit union philosophy or how RTN can help you, stop by one of our branches, call us at 781-736-9900 or send an email to firstname.lastname@example.org.