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Happy International Credit Union Day

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October 20th Marks International Credit Union Day for 2016! This year’s theme, “The Authentic Difference,” celebrates what truly makes credit unions unique.

What makes credit unions unique?

  • Equal Ownership– Credit unions are democratically controlled and member-owned and operated. Each member has equal ownership and one vote regardless of how much money he or she has in savings.
  • Social Purpose: People Helping People– Credit unions exist to serve their members, not to make a profit. Every member counts, including those of modest means. This “people-first” philosophy impels credit unions and their employees to get involved in their community and support worthwhile causes.
  • Leadership– Each credit union is governed by a board of directors elected by and from the credit union’s membership.
  • Financial Education for Members– Credit unions place particular importance on educational opportunities for their members and the public to help everyone become better-educated consumers of financial services.
  • Trust– Lately credit unions have received positive press for being trustworthy and resilient institutions during a tumultuous time. Credit union members worldwide can be proud of these accomplishments and rest assured that their money is safe at the credit union.

We want to say a big thank you to all our members for being so loyal and supportive of LCU. To keep our credit union strong for the future we encourage you to share the love and refer your family and friends to join LCU as well. After all it’s our members that make up LCU! We want to continue the good work for the future and be strong enough to help your future generations with their banking needs as well.



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