This year marks the 75th anniversary of International Credit Union Day, which has been celebrated on the third Thursday of October since 1948. It’s a day commemorating the spirit of the credit union movement around the globe and a time to celebrate the support of our members and the dedication of our staff.
History of Credit Unions
The first credit union opened in the mid-19th Century (in what is today Germany) as an association dedicated to helping farmers, and its success inspired a system to develop in central Europe.
The first credit union in North America opened its doors in Quebec in January 1901, inspired by a court case that ruled in favor of a rapacious moneylender.
New Hampshire was the home of the first U.S. credit union, where St. Mary’s Bank Credit Union of Manchester opened its doors in 1908. Today, credit unions are committed to providing financial empowerment to people all over the world through tailored products, services, education, and support, and all of us at Lafayette Federal are proud to be part of this history.
Lafayette Federal Embraces the Credit Union Movement
The credit union philosophy of “people helping people” doesn’t just mean better service, it translates into a better overall financial experience for consumers. In alignment with this philosophy, Lafayette Federal’s mission is to serve, support and empower our members by understanding their financial needs, delivering products and services to achieve their financial goals, and offering solutions to assure their financial well-being.
We also celebrate our own anniversary this month – 88 years of serving our members and community engagement, and we’re still growing, thanks to our members. As we reflect on this special day, we are especially grateful for your business, and sincerely appreciate you choosing us. We want to be your credit union for life!
Celebrate With Us
Stop by your local branch for International Credit Union Day! Your continued support has made Lafayette Federal what it is today — visit your local branch and help us celebrate.