PrimeWay Celebrates International Credit Union Day

PrimeWay Federal Credit Union Will Celebrate ICU Day by Going Pink!

PrimeWay Celebrates International Credit Union DayOn October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day.)

Credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions, but with a people-first philosophy. Since 1948, on the third Thursday of every October, credit unions have celebrated the principles that make credit unions the best financial partners of people all over the world. “The authentic difference,” this year’s ICU Day theme, zeroes in on what makes credit unions different from banks, fintech start-ups and other financial institutions—our principles.

Credit unions all over the world have operated according to the same core principles since the 1850s, when a group of weary German workers, tired of being exploited by loan sharks, formed the world’s first credit union by banding together to provide affordable credit to each other.

These principles are derived from the 7 cooperative principles, shared by all cooperatives. They are:

  1. Democratic Control
  2. Open and Voluntary Membership
  3. Non-Discrimination
  4. Service to Members
  5. Distribution to Members
  6. Building Financial Stability
  7. Cooperation Among Cooperatives
  8. Social Responsibility
  9. Ongoing Education

This is why we celebrate ICU Day at PrimeWay Federal Credit Union. We think ideas like people before profit, social responsibility and financial education improve lives. To continue the celebration, we will also be donating $1 to The Houston Affiliate of Susan G. Komen for the Cure® for every "Like" our Facebook page receives. Tell a friend to tell a friend to tell a friend! Stop in a branch, fill up and give us the opportunity to remind you all what it means to belong to a credit union, show appreciation and give back to the communities we serve!

So when we wish you a Happy ICU Day at PrimeWay Federal Credit Union know that we’re thanking you for belonging to a movement that’s helping your neighbors—and people around the world—grow and thrive and follow their dreams.

 

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