Riverview Credit Union food drive
BELPRE — On Oct. 17, Riverview Credit Union joined with 56,000 credit unions around the world in celebration of International Credit Union (ICU) Day.
“At Riverview, we provide the same services of other financial institutions but are guided by the ‘people before profit philosophy’,” said Doug Ankrom, president and CEO of Riverview. “We celebrate ICU Day because credit unions empower people, wherever they are in the world or life, to take control of their financial future. Plus, they are owned by the members, not shareholders, so the money stays in the local communities.”
Ankrom continued, “At its most basic level, a credit union is a group of people pooling their money to provide each other with affordable loans–it’s literally people helping people. This cooperative spirit has led to life-changing opportunities for people all over the world who’ve wanted to start a small business, own a home, or improve their financial well-being but were denied access to other financial institutions.”
Riverview is conducting its 5th Annual Food Drive to support the Gospel Mission Food Pantry located in Marietta. During the entire month of October, the public may drop off donations of food and other basic necessities or make monetary donations at either Riverview office location.
While ICU Day has been observed annually since 1948, the first credit union can be traced back to the 1840s and a democratic consumer cooperative formed by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren’t wealthy, the weavers and workers decided to pool their incomes and loan money to each other.
Today, there are more than 260 million credit union members around the world — more than 100 million in the U.S. alone. Credit unions are not-for-profit financial cooperatives guided by nine core principles, including democratic control, social responsibility, and returning all profits to members. In many parts of the world, people’s first taste of democracy is through their credit union, where “one member, one vote” is the governing structure.