International Credit Union Day 2021

THE GLEANER, THURSDAY, OCTOBER 21, 2021 | www.jamaica-gleaner.com | E4 INT’L CREDIT UNION DAY 2021 FEATURE • OWNERSHIP Credit unions are democratically controlled and member-owned and -operated. Each member has equal ownership and one vote, regardless of how much money he or she has in savings. • NOT-FOR-PROFIT Credit unions are not-for-profit financial co-operatives that provide a safe, convenient place for members to save money and access loans and other financial services at reasonable rates. • SOCIAL PURPOSE: PEOPLE HELPING PEOPLE Credit unions exist to serve their members, not to make a profit. Every member counts, including those of modest means. This ‘people first’ philosophy impels credit unions and their employees to get involved in community and other worthwhile causes. • VOLUNTEER LEADERSHIP Each credit union is governed by a volunteer board of directors, elected by and from the credit union’s membership. • FINANCIAL EDUCATION FOR MEMBERS Credit unions place particular importance on educational opportunities for their members and the public to help everyone become better educated consumers of financial services. GLOBE: This represents the international network of credit unions. THE FOUR SILHOUETTES: This represents the family of mankind working for the mutual benefit of all. THE HANDS: This represents the self-help nature of credit unions. Credit unions exist to serve their members, not to make a profit. Every member counts, including those of modest means. This ‘people first’ philosophy impels credit unions and their employees to get involved in community and other worthwhile causes.