Today the International Credit Union Day is celebrated all over the world in recognition of the many positive contributions that credit unions have made in the lives of millions of their members around the world. Our theme for this year: “Credit Unions Build a Better World” – fittingly highlights the economic and social contributions credit unions make to their members and communities worldwide.
It is important that we acknowledge the contribution of credit unions as an important vehicle for social and economic development. I will return to this theme later in my speech. Credit unions are owned by the members and aim to provide affordable financial services to improve their living standards.