Financial Health Leads to Sunny Days!
Sunshine is better with company.
As a member of BHCCU, you belong to a network of over 375 million credit union members worldwide who believe that people helping people leads to a brighter financial future for all! On October 20, 2022, our global credit union family will join together to celebrate the 74th anniversary of International Credit Union (ICU) Day®! This year's theme is "Empower Your Financial Future with a Credit Union™." At BHCCU, we're proud to embody this same principle in our mission: to empower our members to reach their financial goals!
We want to thank you for your membership!
Visit your local branch on International Credit Union (ICU) Day® Thursday, October 20th to receive a FREE GIFT!
Financial Health: 101
When it comes to your financial future, knowledge is power! Join BHCCU money experts Angie and Teresa on Wednesday, November 9th at 12:00pm for a conversation about ways to be safe and smart with your funds. With the holiday season approaching, it’s a great time to brush up on tips and tools for making the most of your money. Call now to reserve your spot: 800-779-5555.
About ICU Day®
International Credit Union (ICU) Day® celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement's history, promote its achievements, recognize hard work and share member experiences. International Credit Union (ICU) Day® has been celebrated on the third Thursday of October since 1948.
The ultimate goal is to raise awareness about the tremendous work that credit unions and other financial cooperatives are doing around the world and give members the opportunity to get more engaged. The day of festivities for credit unions and financial cooperatives globally includes fundraisers, open houses, contests, picnics, volunteering and parades.
Credit Union Facts
- Credit unions are not-for-profit cooperatives and, unlike banks, have no shareholders demanding a market return on their investment. This allows credit unions to pass profits on to their members in the form of lower rates and fees. (Credit Union National Association)
- Credit unions are owned by their members. Credit union members have democratic control of the credit union and can attend and participate in regular and special membership meetings. (Credit Union National Association)
- Credit unions operate on the philosophy of People Helping People. In practice, this translates to U.S. credit unions approving 62% of minority members' mortgage applications, versus 51% for other U.S. mortgage lenders. (Home Mortgage Disclosure Act, 2006)
- Credit unions prioritize people over profit. Leading up to the financial crisis of 2008, banks engaged in about 5 times more subprime lending relative to credit unions and were twice as likely to fail. (The Review of Corporate Finance Studies, 2022)