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FoundationCUNA report features CUs community outreach
MADISON, Wis. (10/1/08)--The National Credit Union Foundation (NCUF) and the Credit Union National Association (CUNA) have partnered to produce a supplement to Credit Union Magazine featuring stories of the credit union movement’s community outreach and social impact. The Community Outreach and Social Impact Supplement highlights the 48-page NCUF Annual Report packaged with the October issue of Credit Union Magazine. The supplement features stories from 16 leagues participating in NCUF’s signature program, REAL Solutions. The stories focus on how credit union members’ lives changed as a result of products designed to help people with low wealth and modest means. The supplement also tells how national credit union service providers and individual credit unions make a social impact in their communities. “Our foundation is committed to working with CUNA and the leagues to help the credit union movement share success stories,” said NCUF Executive Director Steve Delfin. “Socially responsible credit unions are succeeding in achieving a triple bottom line that benefits their credit unions, their members, and their communities.” Credit Union Magazine will share NCUF's stories with more than 133,000 readers in the credit union community and on Capitol Hill. “We are thanking all investors in the Community Investment Fund, NCUF corporate supporters, and all our donors in front of the largest possible audience,” Delfin explained. In other developments over the past year, NCUF:
* Expanded REAL Solutions to 28 states and built an online REAL Solutions Impact Center; * Partnered with the World Council of Credit Unions to introduce an international designation for Credit Union Development Educators; * Served as the largest donor in the credit union underwriting group for the Biz Kid$ financial education series airing weekly on 311 PBS television stations reaching 230 million viewers in 49 states; * Managed more than $4.4 million in grants to help credit unions in 23 states provide members with financial education, transaction services, savings, credit, and homeownership; * Granted nearly $3 million from the Community Investment Fund to state credit union foundations and leagues for local initiatives; * Made nearly $600,000 worth of Innovation Grants to help credit unions reach new members in innovative ways; and * Granted more than $400,000 in disaster relief to credit union employees and members with losses from tornadoes in Alabama, wildfires in California, floods in Iowa and Maine, and hurricanes in Louisiana and Texas.
The report also documents how state credit union foundations and leagues put their Community Investment Fund grants to work on the local level.
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