Service and Security are Fundamental Responsibilities, Hood Said
ALEXANDRIA, Va. (Oct. 17, 2019) – The 71st annual International Credit Union Day is a reminder of the responsibilities of serving and protecting members, National Credit Union Administration Chairman Rodney E. Hood said today.
“This is a day when we mark our progress and plan for the future,” Hood said. “Credit unions, founded on the principle of ‘people helping people,’ strive to provide affordable financial services. The NCUA works to give credit unions the necessary flexibility to do their jobs, within the bounds of safety and soundness. And both the agency and the institutions we regulate must remain mindful of the importance of protecting members by providing financial literacy tools and by maintaining a strong defense against cyber threats.”
International Credit Union Day (opens new window) celebrates the spirit and the accomplishments of the global credit union movement.
“The cooperative credit system relies on the trust of our members, and by earning that trust every day, we help them build more secure financial futures for themselves and their families,” Hood said.