We are honoured to have so many member credit unions. Many have been with us since 1979.
Over the years there has been many changes. We have seen numerous credit unions merger resulting in new names. We have seen “updating” and renaming of credit unions to better reflect their purpose, community and brand. Change is a constant.
One thing that has remained constant, is the practice and adherence to the seven cooperative principals that date back to 1844 in England.
Principle #1: Voluntary and Open Membership
Principle #2: Democratic Member Control
Principle #3: Member’s Economic Participation
Principle #4: Autonomy and Independence
Principle #5: Education, Training, and Information
Principle #6: Cooperation Among Cooperatives
Principle #7: Concern for Community
From the Foundation’s perspective we focus on Principle #6 – Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures, and Principle #7 – While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.
Our strength is in our numbers. This enables us to action “concern for community” with our CU Succeed Youth Bursary Program.
Thank you to all of our members, we are grateful for your continuing support. To those who are not yet members, it is easy to join this growing group. Give us a call!