Tuesday, November 30, 2021

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Minority-owned Southern businesses get back on their feet post-pandemic with a fund's help; President Biden says don't panic over the new COVID variant; and eye doctors gauge the risk of dying from COVID.

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U.S. Senate is back in session with a long holiday to-do list that includes avoiding a government shutdown; negotiations to revive the Iran Nuclear Deal resume; and Jack Dorsey resigns as CEO of Twitter.

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Credit Unions Honor Their Local and Global Reach Today

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Thursday, October 15, 2020   

PORTLAND, Ore. -- Today is the 72nd annual International Credit Union Day, a celebration of member-owned financial institutions, around the globe and here in Oregon.

There are more 85,000 credit unions on six continents.

Steve Stapp, former chairman for the World Council of Credit Unions and CEO of Portland-headquartered Unitus Credit Union, said the organizations go to great lengths to serve communities in many parts of the world.

"We have credit unions that are very progressive in what they're doing, and well established and mainstream financial institutions," Stapp remarked. "And we have others that are operating in third-world countries. And perhaps a credit union can even operate out of a shoebox sometimes."

There are more than 5,000 credit unions in the U.S., including 57 in Oregon. About two million Oregonians are credit union members.

Stapp said credit unions also focus a lot of their energy on responding to natural disasters. He explained there have been collaborative, global efforts to respond to the pandemic, as well as to hurricanes and to wildfires, both in Australia and on the U.S. West Coast.

"We get funds to our local organizations, or national," Stapp outlined. "Sometimes it's the American Red Cross, so that we can give financial assistance to help people; one with temporary issues that they may have with housing or with food. And then, next is long-term, to help them rebuild."

The theme for this year's International Credit Union Day is "inspiring hope for a global community." Credit unions are not-for-profit cooperatives owned by their members.


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