We believe that credit unions can be at the forefront to fight poverty and financial exclusion. Credit union staff and volunteers across the world undertake training to ensure that their credit union is sustainable for the next generation of members. Through our vast knowledge of credit unions and through the help of our volunteers, we help communities in developing countries to build sustainable credit unions through training initiatives.
In the 1960’s, the Irish credit union movement expanded rapidly throughout the island of Ireland and during this time credit unions played an important role within their communities to provide savings and loans facilities for people who needed financial services. The need for credit unions in Ireland was evident and they greatly improved the standards of living and contributed to the development of the local economy. The movement gained further success as it matured and credit unions had gathered a great deal of knowledge that they wanted to share with other emerging movements. Irish credit unions joined forces in 1980 and pooled their resources together to establish the Irish League of Credit Unions International Development Foundation Ltd. (ILCU Foundation) which would allow them provide support for fledgling movements. In 1989, the ILCU Foundation was formally registered and received its charitable status.
We believe that credit unions can empower individuals and communities in the developing world to fight poverty and financial exclusion through ethical savings and loans.