DECLARING SATURDAY, OCTOBER 19, 1963, AS CREDIT UNION DAY

WHEREAS, the Credit Union Movement is now in its
second century of service;

WHEREAS, credit unions provide an invaluable
means whereby people may pool their savings and assist themselves to fill their
needs for credit at a low costs;

WHEREAS, credit unions have proved an effective
and versatile tool for combating usury and unfair credit practices and in
encouraging thrift and savings; and

WHEREAS, these credit unions not only promote the
economic security of their members, but also strengthen democracy, encourage
individual responsibility and the practice of true brotherhood and thus benefit
our country;

NOW, THEREFORE, I, Diosdado Macapagal, President
of the Philippines, by virtue of the powers vested in me by law, do hereby
declare Saturday, October 19, 1963, as Credit Union Day to be observed all over
the Philippines. I urge our people to give fitting recognition to the many
benefits brought to them through credit unions.

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 7th day of
October, in the year of Our Lord, nineteen hundred and sixty-three.

DIOSDADO MACAPAGAL
President of the Philippines

By the President:

RUFINO G. HECHANOVA
Executive Secretary

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