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Happy International Saving and Credit Day

October 15, 2020


International Saving and Credit cooperative day as it is referred as the International Credit Union (ICU) Day celebrates the spirit of the global saving and credit cooperatives movement. The day is recognized to reflect upon the saving and credit cooperative movement's history, promote its achievements, recognize hard work and share member experiences. International Saving and Credit cooperative Day has been celebrated on the third Thursday of October since 1948. Some record shows that, it was celebrated in 1923.

Each year the day is celebrated to raise awareness about what it means for members around the world to have a saving and credit cooperative as their financial partner. Due to Covid -19 as a health crisis of this year, the theme of the saving and credit cooperative day is “Inspiring hope for the global community”. The theme is selected because during the crisis SACCOS stayed true to their cooperative principles and stepped up during this time of economic uncertainty. And Hope is a global resource that everyone has a right to feel and experience. This year’s International Saving and Credit day theme reflects how credit unions contribute to a brighter future by providing financial empowerment to people all over the world through financial services, education and support.

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