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House Co-Sponsorship Memoranda
House of Representatives
Session of 2023 - 2024
Regular Session
MEMORANDUM
| Posted: | September 20, 2023 09:13 AM |
|---|---|
| From: | Representative Robert F. Matzie |
| To: | All House members |
| Subject: | "Credit Union Week" in PA - October 15-21, 2023 |
| I plan to introduce a resolution commemorating “Credit Union Week” in Pennsylvania, observed during the week of October 15 through 21, 2023. This week coincides with International Credit Union Day, held on October 19, 2023. Presently, Pennsylvania and New Jersey are home to more than 510 credit unions, serving the needs of 5.3 million members. These institutions take a different approach from traditional banks, combining the member’s personal resources with the leadership abilities of the board of directors, forming a cooperative that benefits all. Credit unions are valuable organizations for many reasons. Forwarding their philosophy of “not for profit, not for charity, but for service” credit unions exist to unite like-minded individuals, working for a better financial and economic future. Rather than focusing on turning a profit for shareholders, credit unions concentrate their efforts on providing valuable financial services to their members. Controlled and operated by their membership, credit unions act as financial democracies, affording a vote to each and every member. Financial education, lower than average bank card rates and low interest loans are just a few of the valuable benefits credit union members receive. Further, these institutions support and sponsor member’s charitable work, spurning involvement in local communities. I hope you will join me in recognizing the value of Pennsylvania credit unions by supporting this resolution. |
Introduced as HR226