Celebrate the credit union difference
POSTED IN ARTICLES ON MONDAY, OCTOBER 5, 2020
International Credit Union Day is October 15!
On October 15, credit unions around the world will celebrate the not-for-profit, cooperative structure and "people helping people" philosophy of credit unions for International Credit Union Day. At Veridian, many of our employees will spend part of our work day performing random acts of kindness in our communities. We're also celebrating by raising awareness of the credit union difference and inviting you to join us as an advocate.
Credit unions are not-for-profit financial cooperatives owned by the people who use our products and services - our members. Earnings are returned to members through better rates and lower fees, and members democratically elect 15 of their fellow members to serve as unpaid volunteers on our Board of Directors. This ensures decisions at the highest level are made in the best interest of our members. It makes a big difference. In fact, Veridian members saved and estimated $18 million last year by using products and services at Veridian compared to what they would have paid at a for-profit bank.
Unfortunately, bank lobbyists routinely reach out to lawmakers to promote legislation that would weaken or eliminate their competition from credit unions. That means your representatives may need to hear from constituents like you to defend your access to credit unions and other consumer-friendly public policies. Please join us in celebrating International Credit Union Day by signing up to be a credit union advocate with the Iowa Credit Union League below. As an advocate, you'll be notified when there's an increased need for your legislator to hear from you.
Note: The resources linked above are provided by the Iowa Credit Union League to encourage credit union advocacy in the Iowa legislature. Submissions from Nebraska residents will be shared with the Nebraska Credit Union League as an expression of your interest to advocate with Nebraska lawmakers and candidates. Learn more about opportunities to advocate for credit unions in Nebraska.