Credit unions aren’t just banks with a different name—they’re financial cooperatives owned by people like you. At the heart of everything we do is a simple idea: people helping people.
This month, WWFCU is excited to share more about two special events—Credit Union Kind Day and International Credit Union Day—and why they matter. But before we dive in, let’s take a quick look back at how credit unions got started.
How Did Credit Unions Begin?
The credit union movement began in Germany in the mid-1800s, when local communities pooled resources to support one another through tough times. The idea spread quickly. Canada’s first credit union was founded in 1901, and soon after, credit unions began forming in the United States.
These early co-ops were built by everyday people who wanted to save responsibly, borrow affordably, and strengthen their communities. While credit unions have grown into full-service financial institutions serving millions worldwide, their mission has never changed: people helping people.
Credit Unions vs. Banks: What’s the Difference?
At first glance, credit unions and banks may look similar—but the difference comes down to ownership, purpose, and philosophy.
- Banks are for-profit businesses owned by shareholders. Their goal is to maximize profits for their investors.
- Credit unions are not-for-profit and owned by their members, the very people who use their services.
That’s why credit unions often offer friendlier service, lower fees, and better rates. They also reinvest in their communities by supporting schools, scholarships, and financial literacy programs. Simply put: if you want a financial institution that puts people first, credit unions are the way to go.
Credit Union Kind Day
Credit Union Kind Day is all about spreading good vibes and giving back. On this day, credit unions across the country volunteer, donate, and find small ways to make a big impact.
You might see credit union teams planting trees, serving at food banks, or surprising members with a little treat in the lobby. It’s a day to remind everyone what credit unions stand for—kindness, community, and connection.
This year, WWFCU is celebrating in a big way:
- Donating winter coats, hats, and gloves to local schools.
- Sharing financial lessons with students about the importance of saving and money management.
- Volunteering at the Capuchin Soup Kitchen in Detroit, an organization that has been serving our community since 1929 by feeding bodies, nourishing minds, and strengthening communities.
If you want to get involved? Visit the Capuchin Soup Kitchen’s website for volunteer opportunities.
International Credit Union Day
International Credit Union Day is a global celebration of the credit union movement and its lasting impact. It’s a chance for members and staff to come together, reflect on shared values, and celebrate the power of cooperation.
Credit unions around the world host open houses, community events, educational workshops, and more. It’s not just about honoring the past—it’s about looking to the future and continuing the tradition of helping people and communities thrive.
How You Can Join In
There are plenty of ways to celebrate:
- Volunteer in your community.
- Share your credit union story on social media.
- Visit WWFCU on International Credit Union Day—we’ll have snacks, activities, and more!
- Invite a friend or family member to experience what credit unions are all about.
Why It Matters
Credit Union Kind Day and International Credit Union Day are more than just dates on the calendar, they’re reminders that when people come together to support one another, amazing things happen.
Credit unions started as small neighborhood groups and have grown into a global movement, but their heart is still in the community. Whether you’re a longtime member or just learning about us, these celebrations are your chance to join in, spread kindness, and make your world a little brighter—one good deed at a time.
Sincerely,
The Financial Gurus
