10/15/2026
Cheers to all credit union member-owners! Today is the 78th annual ! 🥳 To celebrate, SESLOC members can login to Online Banking or visit a branch to take a cybersecurity quiz for a chance to win a prize.
✨Here are 10 fun facts about credit unions✨
1️⃣ Credit unions are not-for-profit, which means we reinvest profits in our members and community
2️⃣ Did we mention our members actually ✨own✨ the credit union?
3️⃣ Credit unions are cooperative — one member's savings support another member's loan
4️⃣ Credit unions are community based, so we support local nonprofits, business and schools, and provide essential financial education for free because it makes our community a better place
5️⃣ Nonmembers benefit from credit unions too! Competition for low rates keeps banks' fees in check, thereby benefiting nonmembers
6️⃣ The first credit union in the United States was established in 1909 — we got our start a bit later in 1942, with just $500 in assets
7️⃣ President Roosevelt signed the Federal Credit Union Act in 1934 to help protect people's finances during the Great Depression
8️⃣ Need some vacay inspiration? There's a credit union museum in New Hampshire
9️⃣ Credit union member's deposits are federally insured by the NCUA up to $250,000 — no member of a CU has ever lost a penny of insured savings
🔟 The Credit Union National Association (CUNA) estimates that during the March 2023 – March 2024 period, credit unions provided $24,960,615,809 in direct financial benefits to the nation's 139,398,289 members — that's a ✨LOT✨ of benefits!!