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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 619, October 13, 1969 ]

DECLARING THE THIRD WEEK OF OCTOBER OF EVERY YEAR AS CREDIT UNION WEEK

WHEREAS, Credit Unions, as voluntary associations, provide a means where people may pool their resources together for mutual assistance in satisfying the need for savings and credit facilities;

WHEREAS, Credit Unions combat usury as they encourage THRIFT and generate MASS SAVINGS; and

WHEREAS, Credit Unions enhance the dignity of man, strengthen his spirit of self-reliance, and educate him for better citizenship, as an individual and in his role in society and group undertakings;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby declare the third week of October of every year as CREDIT UNION WEEK, to the end that our people may appreciate the social and economic benefits derived from CREDIT UNIONS.

The Cooperatives Administration Office of the Department of Commerce and Industry shall, in collaboration with the national and provincial federations of credit and other cooperative unions, initiate such activities and programs within the week to bring to the attention of the people the importance and role of CREDIT UNIONS in the socio-economic life of the nation.1aшphi1

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 13th day of October, in the year of Our Lord, nineteen hundred and sixty-nine.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

By the President:

(Sgd.) ERNESTO M. MACEDA
Executive Secretary

The Lawphil Project - Arellano Law Foundation

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