We need to save because we do not know what the future has in store for us. Saving money can help in times of emergency, and if you have the ability to save a lot of money you can become financially secure. If you do not have savings and/or investments, there are risks that you might encounter. For instance, if you do not have enough money to cover an emergency automobile problem then you might have to take out a loan that a savings account might have covered. Interest is your friend when saving money ,but becomes your enemy when you have to get a loan. Loans are as Josh Billings said, “Debt is like any other trap, easy enough to get into, but hard enough to get out of.” 

This year will mark the 70th anniversary of International Credit Union Day (ICU Day). This year’s theme is “Find Your Platinum Lining.” It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”