Bargoed, Aberbargoed & Gilfach Credit Union (BAG CU)
Bargoed, Aberbargoed & Gilfach Credit Union (BAG CU)
Celebrate International Credit Union Day
On Thursday 15th October 2009 Bargoed, Aberbargoed & Gilfach Credit Union (BAG CU) will be
celebrating International Credit Union Day with the rest of the world family of credit unions
On January 17, 1927, the Credit Union League of Massachusetts celebrated the first official holiday for credit union members and workers. Unfortunately after a brief trial period, Credit Union Day quietly disappeared.
Then in 1948, the U.S. Credit Union National Association (CUNA) decided to initiate a new national Credit Union Day setting aside the third Thursday of October as the national day of observance. It was to be a time for raising funds for movement causes and to pay homage to the men and women who had dedicated their lives to credit union development.
During the 1950s, CUNA's World Extension Department provided technical assistance and philosophical guidance for credit union development worldwide and by 1971, substantial credit unions were being established worldwide in countries across the globe. In Canada, Australia, Latin America, the Caribbean, Africa, Asia, New Zealand, Great Britain and the South Pacific.
Today International Credit Union Day is celebrated in 98 countries, by 53,864 credit union that have over 186 million members