Motion S5M-01664: Celebrating International Credit Union Day 2016

That the Parliament recognises that 20 October 2016 is International Credit Union Day; understands that the event, which has taken place every year since 1948, commemorates the credit union movement’s impact and achievements and aims to raise awareness of what credit unions do; notes what it sees as the important role that is played by these not-for-profit financial cooperatives in providing effective and affordable financial services for over 217 million members in 105 countries; considers that they are a force for positive economic and social change and that they empower people and communities and encourage entrepreneurship; acknowledges the reported strong increase in membership in Scotland over recent years, with the latest figures suggesting that they have 383,000 members, which includes a marked increase in junior members, and welcomes the manifesto commitments of all parties to strengthening and growing the role played by credit unions in providing financial services in Cunninghame South and Scotland.

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