Home Page
14:16:13 EDT Mon 22 Sep 2014
Enter Symbol
or Name
USA
CA



THE WESTERN UNION CO
Symbol U : WU
Recent Sedar Documents

Western Union Celebrates Impact of Award-Winning Our World, Our Family Program: Five Years, $50 Million, Five Million Lives

2013-02-25 08:00 ET - News Release


ENGLEWOOD, Colo. -- (Business Wire)

On International Corporate Philanthropy Day, the Western Union Company (NYSE:WU) and The Western Union Foundation are celebrating the success of Western Union’s Our World, Our Family®program. Launched in 2007, the program committed $50 million over five years to promote economic opportunity and help families stay connected, overcome barriers, and realize their dreams. A new report details the program’s impact, including having:

  • Reached five million people in 70 countries
  • Provided education tools, including scholarships, to one million students
  • Offered integration support to nearly 270,000 global migrants
  • Supported 455,000 entrepreneurs with loans and business training
  • Provided financial literacy resources and training to more than 550,000 people
  • Delivered disaster relief and recovery support to 900,000 people

“Our business is a positive force for growth, helping people send money to loved ones and business partners in 200 countries and territories,” said Luella Chavez D’Angelo, chief communications officer, Western Union. “The Our World, Our Family program has helped us focus our business and our giving together for an even greater impact on consumers and their communities. I believe our passion for our customers sets us apart, and I am very proud of what we have accomplished.”

The Clinton Global Initiative recognized the Our World, Our Family program as a commitment on-stage at its 2008 Annual Meeting and CECP honored the program with its prestigious Excellence Award in 2009. The award jury noted that Western Union was, “brave for taking on a complex social issue [migration], and for leveraging its extensive network to make far-reaching and sustainable impact.” Western Union services, including an expanding product portfolio, are available via almost a half million Agent locations, call centers, mobile, and a growing online presence.

“Western Union, through the Our World, Our Family program, provides a remarkable example of how effective corporate philanthropy can be when it aligns with the core business,” said Margaret Coady, executive director, CECP. “It’s easy to underestimate the tremendous commitment it takes from a company and its partners for an initiative to accomplish what it set out to do. It’s fitting to announce the program’s remarkable impact on International Corporate Philanthropy Day.”

The Our World, Our Family program rallied key stakeholders, with as much as 57 percent of employees annually donating to support the program and volunteering tens of thousands of hours for nonprofits worldwide. More than 350 Western Union® Agents, who live and work in the communities the company serves, also rolled up their sleeves to make a difference.

Through strategic relationships with organizations such as Mercy Corps, the United Nations and USAID, the Our World, Our Family program helped educate tens of thousands of students to join the workforce, create jobs via small business assistance, and prepared workers to convert wages to wealth via financial literacy training. It also helped rebuild lives and livelihoods following 62 disasters around the world.

“Western Union’s business is evolving to meet changing market needs, and our social programs must evolve as well,” said Patrick Gaston, president, The Western Union Foundation. “Few issues matter more to our consumers than ensuring the success of the next generation. The past five years have shown us that education is one of the surest paths to a better future. We are leveraging our learnings from the Our World, Our Family program as we implement our next big community commitment – Education for Better.”

Announced at the UN General Assembly in September 2012, Education for Better is a three-year commitment to help meet global educational goals through grants, cause marketing, advocacy, employee engagement, and products that facilitate education. The program includes a commitment of $10,000 per day for more than 1,000 days to help advance educational goals, with a focus on secondary and vocational training.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of December 31 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About the Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. With the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future. Our combined social ventures efforts make life better for individuals, families and communities around the world. Since 2001, The Western Union Foundation has committed more than $85.2 million in grants and other giving to more than 2,591 nongovernmental organizations in more than 130 countries and territories. To learn more, visit www.westernunionfoundation.org.

WU-G

WU-P

Contacts:

Western Union
Kelly Behm, +1-720-332-1269
kelly.behm@westernunion.com

Source: Western Union

© 2014 Canjex Publishing Ltd. All rights reserved.