October 18, 2018 will mark the 70th anniversary of International Credit Union Day. This year’s theme is “Find Your Platinum Lining.” It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”
Celebrating International Credit Union Day
Credit unions all over the world will be celebrating 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.
Credit Union History
The 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.
Palisades Credit Union was started in 1941, by a group of employees at the American Cyanamid Company. Much like the original credit union in Rochdale they wanted to provide financial services at the lowest possible cost. In 1996, the name officially changed to Palisades Federal Credit Union and several years later expanded their services to anyone who lived, worked, worshiped, or attended school in Rockland county. And in 2017, PCU expanded again to allow anyone in Bergen County the same great financial services!
Celebrate with PCU
Come celebrate International Credit Union with us on October 18th. We will be announcing the winner of our Score Big Sweepstakes*, who will win two tickets and a parking pass to the Bills vs. Jets game on November 11th! We want to hear from our members how we have helped you score your first car, purchase a home, or invest in their future. Visit our Facebook page today for more details.
*No purchase necessary. Open only to members of Palisades Federal Credit Union 18 and older. Limit one entry per person per Facebook account per day. Void where prohibited. Sweepstakes ends October 16, 2018 at 11:59PM EST. Visit link for full disclosure http://notimeforsocial.com/pcuscorebigsweepstakes/.
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