Responsible Banking

Responsible Banking - Doing the Right Thing

Doing the right thing is something we’re passionate about at Innovation. This is why we embrace Responsible Banking, which, in a nutshell is about creating and using our profits in a way that makes life better for our members, our communities and our world.

Responsible Banking is a values-based position that guides our entire team, challenging us to think differently about how we operate as a financial institution. These values also remind us that it’s our responsibility to return our profits back to our members. We do this by providing each and every one of them with long-term rewards designed to benefit them financially today and position them for a brighter tomorrow.

Being guided by the ‘do the right thing’ mandate of Responsible Banking means ensuring that our members are truly our number one priority. We practice this belief everyday and in every decision we make, from offering innovative financial products and services to rolling up our sleeves and getting involved in the communities we serve. This includes everything from volunteering and sponsorships to extending services to communities that other banks fail to serve. It also means taking care of our valuable staff, ensuring they’re trained for meaningful careers and empowered to support our most important asset - our members.

Responsible Banking inspires us to think big, embrace innovation, create change and foster growth. As our CEO Daniel Johnson says, “we’re determined not to create an environment where tomorrow is just another version of yesterday for our members.” To achieve this, we’re constantly looking for ways to evolve so that we can continue to be the valuable, profitable and meaningful financial partner that our members deserve. Explore the links below to understand how we live the Responsible Banking mandate.

Innovation a Founding Signatory of the Principles of Responsible Banking

Innovation Credit Union is one of the Founding Signatories of the Principles of Responsible Banking, joining a coalition of 130 banks worldwide. It's the most significant partnership to date between the global banking industry and the UN.

“The UN Principles for Responsible Banking are a guide for the global banking industry to respond to, drive and benefit from a sustainable development economy. The Principles create the accountability that can realize responsibility, and the ambition that can drive action,” said UN Secretary-General Antonio Guterres at the launch event on September 22, 2019.

As expressed in the Principles for Responsible Banking, Innovation is convinced that “only in an inclusive society founded on human dignity, equality and the sustainable use of natural resources can our members thrive”.

By signing up to the Principles, Innovation commits to “using our products, services and relationships to support and accelerate the fundamental changes in our economies and lifestyles necessary to achieve shared prosperity for both current and future generations”.

“Responsible Banking is core to our Purpose,” says Innovation CEO Dan Johnson. “We are committed to doing the right thing with our profits for our members and communities to ensure social change. The principles for responsible banking under the UNEP Finance Initiative are principles Innovation Credit Union not only believes in but works toward achieving daily.”

The Principles for Responsible Banking will provide Innovation with an effective framework to systematically identify and seize new business opportunities created by the emerging sustainable development economy, while at the same time enabling the credit union to effectively identify and address related risks.

Click here to view a video of our CEO, Dan Johnson, speaking to the Principles.

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Learn more about the ways we put Responsible Banking into action.

Profits & Banks Profits & Members
Profits & Community Profits & Branches
Profits & Jobs Profits & Fees

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From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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