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Niagara's Choice FCU celebrates 70th anniversary of International Credit Union Day

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Mon, Oct 15th 2018 07:00 am
On Thursday, Oct. 18, Niagara's Choice, along with more than 56,000 credit unions around the world, will celebrate International Credit Union Day, and the philosophy and achievements of the credit union movement. Niagara's Choice will celebrate by welcoming new and existing members with refreshments at all six branch locations.
Niagara's Choice celebrates ICU Day because it believes the not-for-profit structure and people-first principles of credit unions make it the ideal financial partners for all people. This year's ICU Day theme is "Find your platinum lining in credit unions," a celebration combining the traditional gift of platinum for 70th anniversaries with a play on the saying "every cloud has a silver lining."
Credit unions all over the world will celebrate the history and the success of the "People-not-Profit" philosophy. This year's theme emphasizes the credit union movement's loyalty to its members and its mission to provide them financial support and guidance.
The public is welcome to stop by any of their locations in Niagara Falls, Wheatfield, Lockport or North Tonawanda and celebrate with Niagara's Choice a worldwide movement that's made helping people its No. 1 priority for more than 160 years. For locations, visit niagaraschoice.org.
The credit union movement began in the 1840s as a democratic consumer cooperative by weavers in Rochdale, England. Frustrated by bankers who denied them loans simply because they weren't wealthy, the weavers and workers decided to pool their incomes and loan money to each other. In time, this cooperation put each member on solid financial ground and encouraged their own businesses to flourish.
The need for equitable financial institutions grew and, in 1971, the World Council of Credit Unions, Inc. was created to help establish and maintain viable credit union movements. It has become the leading voice for advocacy and governance on behalf of the international credit union community.
Today, more than 235 million people are served by credit unions in 109 countries and six continents.

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