West Community Credit Union’s Post

🎉Celebrating 90 Years of the Federal Credit Union Act of 1934! 🎉 Today marks a significant milestone in the history of financial security and cooperative banking—the 90th anniversary of the Federal Credit Union Act! At American Share Insurance (ASI), we are thrilled to celebrate this landmark legislation with credit unions everywhere. For nine decades, the Federal Credit Union Act has provided a robust framework for the growth and stability of credit unions across the nation. Its establishment paved the way for financial inclusion, community development, and member-focused banking services that millions rely on today. At ASI, we are proud to play a crucial role in this ecosystem by offering the only private deposit insurance option for credit unions in the United States. Our commitment to supporting credit unions, including safeguarding the deposits in our member credit unions, remains as strong and unwavering as ever. Join us in honoring this remarkable anniversary and the enduring legacy of the Federal Credit Union Act. Here's to many more years of financial empowerment and cooperative success! #90Years #NationalCreditUnionAct #GoldenAnniversary #Cheersto50Years #ASICommunity #CreditUnionLeadership #CreditUnions #AmericanShareInsurance #TheCreditUnionAdvantage #AttractProtectRetain #ESI #ExcessShareInsurance #DepositInsurance #CreditUnionInsurance #advocacy #advocacymatters #FCUAct90

A Glimpse Behind Financial Empowerment in Kern County: Take a sneak peek at last week’s event where we captured some exclusive behind-the-scenes moments. Our very own Cristian Campos & Gloria Aguirre were at the forefront, imparting their wisdom about the advantages of credit unions. They delved into the myriad of benefits that come with membership, highlighting why it stands out as a more favorable option compared to traditional banking. Did you know? Credit unions are unique in that they are not-for-profit institutions. This means they prioritize the financial well-being of their members over profits, often resulting in lower interest rates on loans and higher interest rates on savings accounts, compared to traditional banks. They’re all about empowering their members and communities, making them a smart choice for those looking to make the most of their money! . . . . #STRATAsphere #FinancialLiteracy #CommunityEmpowerment #StrataCreditUnion #FinancialEducation

👌 One of the catchphrases of credit unions is "people helping people." It's not just about making profits; it's about members supporting each other and their communities. Banking with heart! 💘 #CreditUnion #CU #PeopleHelpingPeople #FinancialCooperative #MemberOwned #CUdifference #CreditUnionLife #CUmovement #CUlove #CooperativeFinance

On this date, June 26, a significant historical event for credit unions in Florida occurred in 1934 when President Franklin D. Roosevelt signed the Federal Credit Union Act. This legislation established the foundation for the federal credit union system, allowing credit unions to operate across state lines and providing a legal framework that has enabled their growth and development ever since. This act was pivotal in promoting financial stability and security for millions of Americans, including those in Florida, by making credit available to individuals who were often underserved by traditional banks (MyCreditUnion.gov) (NCUA). #creditunionhistory #Floridacreditunions #Credituniondifference #Creditunions #Americascreditunions #Federalcreditunionact Additionally, the passage of the Federal Credit Union Act led to the creation of numerous credit unions across the state, helping to build stronger, more financially stable communities. This day marks an essential milestone in the history of credit unions, highlighting their role in fostering cooperative financial services and supporting local economies (NCUA). For more detailed information, you can explore resources at NCUA and MyCreditUnion.gov (MyCreditUnion.gov) (NCUA).

Express Cash is the best option for members who need cash quickly. Community Choice Credit Union prioritizes members' needs and is here to help in a financial emergency. Alloya Corporate FCU #CreditUnions #PeopleHelpingPeople #SmallDollarLoans

Credit Unions are such a VITAL part of getting predatory lending out of our communities! So proud of and thankful for the hard work it took to get these updated CDFI rules passed. Great article here from Credit Union News from CUInsight.com

County Credit Union members really have it easier. Members enjoy far more benefits, like lower loan rates, fewer fees, and better returns on accounts and investments than those at big banks. Not to mention the quality customer service. Learn more at https://loom.ly/SANapTk ! and become a member today! #ccu #creditunion #membership

Most credit unions, like MPSCU, are community-centric. We focus on community well-being. Your support directly contributes to local development. This is not always the case with big banks. #mpscu #creditunionfacts #themoreyouknow

Did you know... The average ND household saves $162 per year and the average SD household saves $332 per year by being credit union members? Credit unions provide financial benefits to members through lower loan rates, higher savings rates, and fewer fees. #NationalZipperDay #CUDifference #CreditUnions

On 4th April 1979, the House of Commons and House of Lords passed the Credit Unions Act, making it law. For 45 years, the sector has been through many changes. First, starting as volunteer-operated small savings and loan clubs where many now employ paid staff and some offer current accounts and mortgages. As our CEO James Berry states, “Without the 1979 Act, the credit union sector would not have been able to grow and develop to serve communities around the country with affordable, fair financial services”. Here’s to the next 45 years! #CreditUnions #BetterTogether