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Niagara Falls
Wednesday, February 12, 2025
Exploring Photos: Niagara Township Credit Union, est. 1945
The union outgrew its first home by 1960 (shown here) and its name by 1970, when it was changed to the Niagara Credit Union. NOTL MUSEUM PHOTO
This year marks the 80th anniversary of the Meridian Credit Union, formerly the Niagara Township Credit Union.
Formed in 1937, the Niagara Township Fruit Co-operative provided a central location for the buying and selling of farm equipment and products. As the organization expanded, it became apparent that banking services for its members were needed because it was a place to provide investment money for the growing community. Since no large banks wanted to establish themselves in the community, the Niagara Township Credit Union was created in 1945 with 18 members and total assets of $24. The loans that the Credit Union provided were usually small and short-term. They provided the support many in the community needed to start businesses or just to get by. The union outgrew its first home by 1960 (shown here) and its name by 1970, when it was changed to the Niagara Credit Union. In 2005, the company merged with another credit union to become the Meridian Credit Union.

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