TINTON FALLS, N.J. (10/19/11)--United Teletech Financial CU’s Million Dollar Community Challenge ended Sept. 30, with credit union’s members saving more than $1.83 million in loan interest, while also bringing money back into the community. The campaign challenged community members to save a million dollars in interest. “Community members not only accepted the challenge, but far surpassed our expectations for how much they saved,” said Leo R. Ardine, CEO of $291 million asset United Teletech Financial FCU, Tinton, N.J. He added that by participating, “they not only helped themselves but the community as well.” The challenge benefited five charities:
* Big Brothers Big Sisters of Monmouth & Middlesex Counties; * Clean Ocean Action; * FoodBank of Monmouth & Ocean Counties; * Monmouth County Society for Prevention to Cruelty to Animals; and * The Salvation Army-Red Bank Corps.
Each charity was awarded $1,000. As the top two finishers in a public vote, Big Brothers Big Sisters of Monmouth & Middlesex Counties and the FoodBank of Monmouth & Ocean Counties will each receive an additional $4,000 donation. “This campaign has been about more than just saving money on interest rates,” Ardine said. “The challenge has created an educational opportunity for people to become informed on making sound financial decisions and to become more aware of the importance of helping local charities.”