Hudson Countyâ€™s own Liberty Savings Federal Credit Union is proud to take part in the initiative. Unlike many banks, Liberty Savings isnâ€™t in business to make a profit. Credit unions all over the world are a united front focused on you, the members, with an unwavering belief in the â€œpeople helping peopleâ€ philosophy upon which they were built.
In the U.S., they’re Â known as credit unions, but across the world, they go by many namesâ€¦co-operative societies, cooperativas, and caisses populaires to name a few.
This year, the cooperative spirit is coming to the Falkland Islands. Currently, one bank branch operates there, but the 2,300 workers find access to credit limited. Through the World Council of Credit Unions, staff from a U.S. credit union are assisting in the development of a credit union that can help the business that were refused bank financing.